Usury Law in California: If I as an LLC entity was able to acquire an unlicensed lender to provide me a loan that is

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Customer: Usury Law in California: If I as an LLC entity was able to acquire an unlicensed lender to provide me a loan that is over the 10% usury limitation of loan interest in california, but the lenders are individuals that have a preexisting business relationship but not officially partnered with the LLC would that be exempt of the Usury Law in California because of relationship between the two parties?
JA: Can you tell me what state the LLC is registered in?
Customer: California
JA: Has anything been officially filed? If so, what?
Customer: No
JA: Is there anything else the Lawyer should know before I connect you? Rest assured that they'll be able to help you.
Customer: No
Answered by JanLegal in 52 mins 5 months ago
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JanLegal
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Expert in: Family Law, Legal, Estate Law, Real Estate Law, Criminal Law, Employment Law, Business Law, Consumer Protection Law, Bankruptcy Law, Traffic Law, Personal Injury Law.

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JanLegal
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5058 Satisfied customers
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10+ years of experience
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JanLegal
10+ years of experience
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5058 Satisfied customers

Jessica

Jessica

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JanLegal, Expert

Hi, I am Janessa and I will be your legal expert assisting you with your legal needs today. Thank you for visiting Just Answer for help. I will write you again in a few minutes with my full answer to your question. Please, feel free to follow up with anything you like as I prepare the full answer to your question.

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JanLegal, Expert

If there is a pre-existing relationship and there is a valid agreement to that effect then both parties will be guided by the bilateral agreement.

Customer
Hello Janessa! Thank you for responding to my case, I do have a question.Are you familiar with Tax Laws and what constitutes a legitimate business write off?
Customer
I just realized you answered my question! Thank you so much!
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JanLegal, Expert

You are welcome.

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JanLegal, Expert

Thanks for letting me assist you today. I want to make sure that you fully understand my response. Please, don’t hesitate to follow up with me if you need clarifications. Please, write to me if you need help with anything else. Regards, Janessa

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