It looks like the courts are looking for what state the "actual transaction" takes place to determine what state's usury laws apply if there exists a provision by the lender specifying which state the note is applicable to. If Txhd vs. Einhaus transacted this monetary exchange in the state of California, there exists precedent as recent as 2017 that Txhd could rely upon as a plea to the court that California usury laws should apply.
News 
Market Data 
Discover 
