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I-Glow

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I-Glow

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Re: la_trader post# 1968

Wednesday, 10/09/2019 2:44:38 PM

Wednesday, October 09, 2019 2:44:38 PM

Post# of 3345
You really don't understand Usury laws.

Frija went $1 over $100k to avoid the Usury laws.

That is why he can't charge such a outrageous interest rate.

Delaware Usury Laws - although the company is located in Florida:

"In Delaware, the maximum amount of interest a borrower can charge is 5% over the Federal Reserve discount rate. The Delaware legislature has an exception to interest rate limits: there is no limit where loan exceeds $100,000 and is not secured by a mortgage on the borrower's personal residence."

But oddly any legal actions will be adjudicated in Florida.

IG

It's I-Glow here, and I'm Mr. Clean.
They call me "hit man"
Don't know what they mean.

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