When money is loaned at a greater rate of interest than is allowed by law, __________ is committed.

Name: When money is loaned at a greater rate of interest than is allowed by law, __________ is committed.
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Question

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Usury is the act of lending money at an interest rate that exceeds the legal limit set by the government. It is considered a criminal offense in many jurisdictions. Credit misfeasance, petty theft, and credit malfeasance are not applicable in this scenario.

When Money Is Loaned at a Greater Rate of Interest