Permissible Lender's Expenses, Which Would Not Be Considered in Determining

Permissible lender's expenses, which would not be considered in determining the rate of interest under usury statutes, include all but which of the following?

A) Cost of title examination.
B) Reasonable cost of drawing up the necessary documents.
C) A charge to the borrower of $500 to investigate the borrower's credit, when it actually cost the lender $75.
D) All of these charges would be considered in determining the rate of interest under usury statutes.

Correct Answer:

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Access For Free