Finance
South Dakota's usury laws set limits on:
AThe maximum commission a broker can charge
BThe maximum interest rate lenders can charge on certain loans✓ Correct
CThe minimum loan amounts for residential mortgages
DThe maximum term for commercial real estate loans
Explanation
Usury laws limit the maximum interest rate lenders can charge on loans. However, many residential mortgage lenders are exempt from state usury limits under federal law.
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