In many states, the usury statutes apply to retail installment credit sales and credit card transactions.

Name: In many states, the usury statutes apply to retail installment credit sales and credit card transactions.
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Usury statutes regulate the maximum interest rates that lenders can charge on loans, including retail installment credit sales and credit card transactions, in many states. Therefore, the statement is true.

In Many States, the Usury Statutes Apply to Retail Installment