California Real Estate Practice Exam

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Master the California Real Estate Exam with our comprehensive practice quiz. Get expert tips, detailed content review, and insider strategies to pass on your first try.

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Which of the following will be affected by California usury laws?

A private lender making a loan to buy a house
A federal bank loan
A commercial business loan
A loan from a relative

The correct answer is: A private lender making a loan to buy a house

California usury laws set limits on the maximum amount of interest that can be charged on loans. This means that if a private lender, who is not a federally regulated bank, lends money to someone to buy a house, they are subject to these laws and can only charge a certain amount of interest. The other options listed - a federal bank loan, a commercial business loan, and a loan from a relative - are not affected by California usury laws because they fall under different regulations and do not fall under the state's usury laws.