How To Use
Usury rates are dictated by state law so the actual rates vary.
If you have signed such an obligation, whether as a Note or payment agreement underlying another purchase, such as a piece of furniture or equipment, this Notice is your first step in getting relief. Most parties involved in high-interest loans are acutely aware of usury issues and will, if wrong, generally back off immediately. If not, the courts look very unfavorably upon usury lenders or sellers who use usury rates to finance those sales.
This review list is provided to inform you about this Usury Notice document in question and assist you in its preparation.
- Make multiple copies. Mail and fax to the lender. Keep a copy for your own records.