Finance
Missouri's usury laws establish:
AMinimum interest rates for real estate loans
BMaximum interest rates for certain types of loans to protect borrowers✓ Correct
CFixed mortgage rates for all residential properties
DSpecial rates for MHDC loans
Explanation
Usury laws set maximum interest rate ceilings to prevent predatory lending. Missouri has usury statutes that limit interest rates on certain types of loans, though real estate mortgage rates are often subject to federal preemption.
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