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Updated over 4 years ago,
Usury Laws - Small business lending
I read a passage from the book How to be a Capitalist without any Capital written by Nathan Latka. On page 312 he starts a paragraph describing the time he invested 11k in a hostel and received 1,200 quarter, an annual 40% return. My question today is, if this violates usury laws and if not, how so?