A little bit of believed and you may fotherwiseethought can possibly prevent large legal expense and you will stress
(a) the lender and the borrower (or any of its officers, directors or controlling persons) have a pre-existing personal, or business relationship; or
If you’re a borrower, you need to check every fund obtained out of non loan providers so you can see whether the fresh new usury rules are used for their financial work with
(b) the lender and the borrower by reason of their own business and financial experience, or that of their professional advisors, could reasonably be assumed to have the capacity to protect their own interests in connection with the transaction; and
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