A blue law is a state statute that prohibits loans at an interest above the "blue line."

Name: A blue law is a state statute that prohibits loans at an interest above the "blue line."
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This statement is incorrect. A blue law is actually a state statute that regulates certain activities or transactions on Sundays or religious holidays. Examples include prohibiting the sale of alcohol, banning certain types of commerce, or mandating church attendance.

A Blue Law Is a State Statute That Prohibits Loans