Loan Shark Definition Law

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Posted on January 29, 2019 at 21:03 PM

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Recent Posts For Loan Shark Definition Law

Definition of LOAN SHARK • Law Dictionary •
Legal definition for LOAN SHARK: One who lends money at an extremely high interest rate. A person loaning money illegally. ... LOAN CONSOLIDATION The process of combining several loans into one loan, usually for the purpose of reducing ...
Loan shark - Wikipedia
A loan shark is a person who offers loans at extremely high interest rates, has cruel (or strict) terms of collection upon failure, and operates outside off the street (outside of local authority). The term usually refers to illegal activity, but may also refer to predatory lending with extremely high interest rates such as payday or title loans.
Urban Dictionary: loan shark
A creditor.A person or agency that gives you a set amount of money and adds interest to that money so that you end up paying back more than you borrow. A perfect example is the college/student loan agencies.

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