Legal Definitions - usura manifesta

USURA MANIFESTA

Usura manifesta refers to open or obvious usury.

Usury is the practice of lending money at an exorbitant interest rate. Usura manifesta occurs when the lender openly and blatantly charges an interest rate that is much higher than what is legally allowed. This is considered illegal and unethical.

• A lender charges a borrower 50% interest on a loan, which is much higher than the legal limit of 10%. This is an example of usura manifesta.
• A credit card company charges a customer an annual interest rate of 40%, which is much higher than the average rate of 15%. This could be considered usura manifesta if it is deemed to be an unfair and deceptive practice.

These examples illustrate how usura manifesta occurs when a lender charges an interest rate that is clearly and significantly higher than what is legally allowed or considered fair. It is important for borrowers to be aware of their rights and to report any instances of usury to the appropriate authorities.