Fees charged by a lender for the reasonable expense of making a loan, such as the cost of appraising property, are treated as interest for purposes of the usury law.

Question

Quizplus · Accepted Answer

Usury laws specifically regulate the amount of interest that can be charged on a loan, and fees charged by a lender for services such as appraisals are not treated as interest but rather as separate charges or fees.

Fees Charged by a Lender for the Reasonable Expense of Making