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Can Usury Ever Be Waived?

Picture of Keith Paul Bishop Posted on May 30, 2017 by Keith Paul Bishop

California courts have defined "usury" as "the exacting, taking or receiving of a greater rate than is allowed by law, for the use or loan of money." Ross v. Wheeler 140 Cal. App. 217, 222 (1934).  The California Constitution sets the maximum rate...

forbearance, Hardwick v. Wilcox, loan, usury, California Sui Generis, Ignazio Ruvolo, interest, public policy, usurious, waiver

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