On this edition of War Story Wednesdays, San Francisco trial attorney Christopher Hanson talks about a court case where the agent for the lender, who was a licensed real estate broker, was accused of making a usurious loan. (Adapted from Bock v. California Capital Loans, 216 Cal.App.4th 264)
By Christopher Hanson. I’m an experienced trial lawyer, not just a litigator. I’m not afraid of (and actually enjoy) being in a courtroom. I’ve been called ingenious, tenacious, and strategic. I’ll take those accolades
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Love these segments each week. Keep up the good work!
This is helpful, though still quite complicated. My question is, if California's usury laws cap interest rates at 10%, what about all those 12 to 16% loans in the 1970's and 1980's? I lived there during that time, and the interest on the loan for my new construction house was 12-5/8% in 1985, and that was considered a good rate. As a Nevada and California real estate broker, living in Nevada, these videos help me to stay in touch with what is happening in my former State. Thanks.
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