FinancingCâu 76 / 120
California usury law generally limits the interest a private lender may charge, but a major exception exists for:
a.All cash loans
b.Loans over $1 million only
c.Loans to corporations only
d.Loans arranged or made by licensed real estate brokers
Giải thích
California's usury restrictions cap interest on certain private loans, but numerous exemptions apply, including loans made or arranged by licensed real estate brokers. Institutional lenders such as banks are also exempt. These exemptions cover most real estate financing.
Trích dẫn luật: CA ConstitutionLuyện miễn phí toàn bộ 120 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- A buyer purchases a home for $400,000 with a $320,000 loan. The loan-to-value (LTV) ratio is:
- The Real Estate Settlement Procedures Act (RESPA) primarily aims to:
- The federal Truth in Lending Act (TILA), implemented through Regulation Z, requires lenders to disclose the:
- A fully amortized loan is one in which:
- In an adjustable-rate mortgage, the published economic indicator to which the interest rate is tied is called the:
- A loan with small periodic payments and one large final payment due at maturity contains a:
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