Finance
Louisiana's 'usury laws' historically limited the interest rate lenders could charge. Today, these limits are primarily relevant because:
AThey still strictly cap all mortgage rates at 10%
BThey may apply to certain consumer loans, though many mortgage transactions are preempted by federal law (DIDMCA)✓ Correct
CThey make all adjustable rate mortgages illegal in Louisiana
DThey require all interest payments to be made annually
Explanation
Louisiana has usury laws limiting interest rates, but federal law (Depository Institutions Deregulation and Monetary Control Act) preempts state usury limits for many federally related mortgage transactions. State usury laws may still apply to certain consumer and non-federally related loans.
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