certain lenders

Who Is Exempt From Usury Laws?

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Who Is Exempt From Usury Laws? 1. Licensed Lending Institutions Are Generally Exempt From Usury. Most licensed lending institutions engaged in the business of making consumer and/or commercial loans such as banks, savings and loan, credit unions, finance companies, and even pawn brokers are exempt from California’s usury laws. Do usury laws apply to individuals?

Can You Be Turned Down For A Loan Modification?

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Can You Be Turned Down For A Loan Modification? Possible reasons for a modification rejection include insufficient income, high debt-to-income ratio, missing documents, or delinquent credit history. According to Loan Safe, the main reason loan modifications are denied is due to a mistake on the loan officer’s side. Can a loan modification be denied? The