Virginia State Real Estate Exam Practice Question
In many states, usury laws
Correct Answer: D
Rationale: Usury laws are designed to protect consumers by establishing a maximum interest rate that lenders can charge on loans, preventing exploitation through excessively high rates.
Option A incorrectly relates usury laws to land use; these laws do not govern land use regulations. Option B misrepresents usury laws as providing property rights; they focus solely on loan interest rates, not property use. Option C confuses usury laws with taxation, as they do not impose taxes on property transactions. Thus, only option D accurately reflects the purpose of usury laws in regulating interest rates on loans.
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