Finance
Indiana's usury laws regulate:
AThe maximum number of mortgage points a lender may charge
BThe maximum interest rate that may be charged on certain loans✓ Correct
CThe minimum down payment required for residential purchases
DThe maximum loan-to-value ratio for commercial properties
Explanation
Usury laws set the maximum allowable interest rate that lenders may charge on certain types of loans. While federal law preempts state usury limits on many first mortgage loans, Indiana usury provisions still apply in various lending contexts.
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