Finance
North Dakota's maximum usury rate limits:
ACommission rates charged by real estate agents
BThe maximum interest rate lenders can charge on certain loans above which the loan is considered usurious✓ Correct
CThe maximum property tax rate
DThe maximum rent a landlord can charge
Explanation
Usury laws set the maximum interest rates that can be charged on loans. Loans with interest rates exceeding the legal maximum are usurious and may be unenforceable or subject to penalties. Federal preemption applies to many mortgage loans, but state usury laws remain relevant for some loan types.
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