the state of nevada enacts a usury statute. with respect to different types of transactions, including ordinary loans, the purpose of the statute is to

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06-12-2021
Social Studies

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the state of nevada enacts a usury statute. with respect to different types of transactions, including ordinary loans, the purpose of the statute is to

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Tundexi Tundexi · Answer 1 · 2021-12-16T06:13:18-05:00

The purpose of the Usury statute is to set a maximum rate of interest in the state of Nevada.

Usury statute is basically the state law which governs the amount of interest that can be charged on loan in the region.

Usury statute ensures maximum interest rate for different types of transactions including ordinary loans.

In conclusion, the purpose of the Usury statute is to set a maximum rate of interest in the state of Nevada.

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