When money is loaned at a greater rate of interest than is allowed by law, __________ is committed.
A) Usury
B) credit misfeasance
C) petty theft
D) credit malfeasance

Question

Quizplus · Accepted Answer

Usury is the act of charging a higher rate of interest than what is permitted by law. It is considered a criminal offense and is illegal in many countries. Credit misfeasance, petty theft, and credit malfeasance are not related to the act of charging an excessively high rate of interest.

When Money Is Loaned at a Greater Rate of Interest