Real Estate Licensing New Jersey Real Estate Salesperson Exam - Topic 2 Question 16 Discussion

Actual exam question for Real Estate Licensing's New Jersey Real Estate Salesperson exam

Question #: 16
Topic #: 2

In many states, usury laws:

Adetermine the possible legal use of land.

Bprovide a right to use property belonging to another.

Cimpose a tax on a purchaser of personal property for resale or use.

Destablish a maximum rate of interest allowed for loans.

Show Suggested Answer

Suggested Answer: D

Usury laws are designed to protect borrowers from being charged excessively high interest rates.

These laws set the maximum legal interest rate that lenders may charge.

The other options (land use, easements, and sales tax) are unrelated to usury laws.

Correct answer: D.

by Allene at Jun 01, 2026, 10:37 PM

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