A __________ is a law establishing a maximum rate of permissible interest for which a lender and borrower of money may contract.
A) wager
B) usury statute
C) Sunday statute
D) blue sky law.

Question

Quizplus · Accepted Answer

A usury statute is the correct term for a law that sets the maximum interest rate a lender can charge, preventing excessively high interest rates on loans.

A __________ Is a Law Establishing a Maximum Rate of Permissible