Finance
What is the Iowa usury law's general purpose?
ATo set maximum commissions on real estate transactions
BTo limit the interest rate lenders may charge on certain loans✓ Correct
CTo regulate property tax rates statewide
DTo control rental rates in Iowa cities
Explanation
Iowa's usury laws (though many have been preempted by federal law for mortgage lending) originally set maximum interest rates that lenders could charge to protect borrowers from excessive charges.
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