New Jersey 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, ensuring that borrowing remains fair and accessible. Option A relates to land use regulations, which are not connected to interest rates. Option B addresses property rights, which do not pertain to lending practices or interest rates. Option C discusses taxation on personal property, a completely different legal area. Thus, only option D accurately reflects the purpose of usury laws in regulating interest rates on loans.
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