Advertiser Disclosure

advertising disclaimer
Skip to main content
mortgage loan paperwork

Understanding Usury Laws and How They Apply to Interest Rates

Understanding usury laws makes you an informed and protected borrower or lender.


[Updated: Feb 04, 2021 ] Feb 27, 2020 by Liz Brumer

Get our 43-Page Guide to Real Estate Investing Today!

Real estate has long been the go-to investment for those looking to build long-term wealth for generations. Let us help you navigate this asset class by signing up for our comprehensive real estate investing guide.

What Usury Laws Typically Apply To What Usury Laws Typically Don't Apply To

• Loans without a written agreement from nonbanking institutions.Loans with a written agreement (such as mortgages, personal loans, or business loans) from a nonbanking institution.

•Contracts from nonbanking institutions (such as an agreement for deed or contract for deed).

• Certain payday loans.Private student loans.

• Agricultural, investment, commercial, and business loans.

• Credit cards

• Loans from banking institutions.

• Lines of credit such as a home equity loan or subordinate mortgage.

• Delinquent property taxes.

Got $1,000? The 10 Top Investments We’d Make Right Now

Our team of analysts agrees. These 10 real estate plays are the best ways to invest in real estate right now. By signing up to be a member of Real Estate Winners, you’ll get access to our 10 best ideas and new investment ideas every month. Find out how you can get started with Real Estate Winners by clicking here.