Finance
Iowa's usury laws historically set limits on:
AMaximum commission rates charged by brokers
BThe maximum interest rate lenders can charge on certain loans✓ Correct
CMinimum earnest money deposits
DMaximum loan terms for commercial property
Explanation
Usury laws cap the maximum interest rate that lenders may charge. While federal preemption has affected state usury limits on first-lien residential mortgages, Iowa maintains certain usury provisions for other loan types.
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