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Re: Usury Laws

Posted by darla on January 26, 2004 at 5:37 AM

In Reply to: Usury Laws posted by Ward-CA- on May 10, 2002 at 11:04 AM

My mother has a mortgae with a private lender started 6/30/93 interest rate for 5 years 71/2% 1998 -2003 interest rate 8% 6/2003- 3/2008 interest rate 9% all payments were made timley. Loan amount was $152,000. she was told usuery is involved & her balance is apx. $30,000. not the suggested $132,000. apx by the lender, which apx. figure is correct & how can I find out how. Please dirrect me to help mom.




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