Category Archives: Statute of Limitations

Increased Value of Pledged Stock Not Interest

A lender provided a $600,000 loan to a borrower on the condition that the proceeds be used to purchase shares of a publicly traded company. The note provided for an interest rate of 10% and granted the lender warrants to … Continue reading

Posted in Criminal Usury, Federal Court, New York, Recharacterization, Statute of Limitations | Comments Off on Increased Value of Pledged Stock Not Interest

When it Comes to Usury Law, Be Careful What You Ask For

In a previous post,¬†Creditor Fails to Navigate Usury Law “Minefield”, Ordered to Refund $1.3 Million to Debtor, I discussed a recent bankruptcy case in California. In the case, a lender had filed a claim in the borrower-debtor’s bankruptcy case. The … Continue reading

Posted in Bankruptcy, California, Choice-of-Law, Federal Court, Statute of Limitations, Usury Exceptions | Comments Off on When it Comes to Usury Law, Be Careful What You Ask For