New Jersey Real Estate License Exam Practice Question
In many states, usury laws
Correct Answer: D
Rationale: Usury laws are designed to protect borrowers by establishing a maximum rate of interest that lenders can charge on loans, ensuring fair lending practices.
Option A is incorrect as it pertains to land use regulations, not interest rates. Option B is misleading because it refers to property rights rather than financial regulations. Option C incorrectly associates usury laws with taxation on personal property, which is unrelated to interest rates or lending practices. Thus, usury laws specifically focus on capping interest rates to prevent exploitation of borrowers.
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