Los Angeles Loan & Usury Disputes Attorneys
An Experienced Litigator in Your Corner
California’s Constitution limits the interest you may charge when lending money. If the interest you charge is higher than the maximum amount, you may forever lose your right to collect interest on the loan, or may even have to pay a penalty.
If you have already lent money and have charged and/or received excessive interest from the borrower, then reach out to Azadegan Law Group, APC today so that we can research and investigate to determine if you are entitled to any exemption under the law. If you are not, we will take the actions necessary to help you correct the problem and avoid any penalties. However, it is important that you act fast and seek help immediately, otherwise you may forever lose your chance to fix the problem.
We have helped many lenders loan money and avoid the pitfalls of usury law. On other occasions, we have successfully assisted many lenders to cure usurious loan issues even though they had already billed and collected usurious interests from borrowers. We have extensive experience in various complex real estate and business law matters.
A promissory note that does not have any real or personal property attached as collateral to the loan is known as an unsecured loan. If the borrower ends up declaring bankruptcy, then the lender won’t be able to secure the money they are owed until all of the debts from the debtor's “secured” lenders are paid. Reach out to our firm today so that we can devise a strong legal strategy to secure payment as soon as possible.
If you have been paying usurious interest rate, you may be entitled to reduce your interest rate to 0%, apply all your payments to the principal amount, and even get up to 3 times your payment as credit on your payment.
Banking & Lending Institutions
Banks, credit unions, finance companies, and pawnbrokers are exempt from California’s 10% interest limit. Banks also have the advantage when it comes to usury laws because the interest limit in the state where the bank is headquartered will apply, no matter where the loan proceeds were issued. This means that if the state where the bank is headquartered has a 25% limit but the state in which the loan was issued has a 10% limit, then the bank can charge up to 25%.
If you have any questions about California’s usury law, loans, or promissory notes, or if you need help preparing or reviewing loan documents, then please don’t hesitate to call us at (310) 340-1550 to request your consultation.
Azadegan Law Group, APC is a top-notch litigation firm with the extensive resources and legal acumen clients need to deal with the various challenges they face in their litigation cases. We are equipped with the state of art research and communication technology which enable us to extensively research every issue in loan and usury dispute cases. We use unique methods and customized strategies to get the job done for our clients, and we are prepared to put our skills to work for you today.
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We live with our client’s case. We listen, we think, we believe, we strategize creatively, we prepare, and we try. We develop a very close relationship with our clients and with our cases. We make sure that the jury will be able to see and feel our real and deep emotional connection with our cases and our commitment to our client. Our goal in a trial is not to “tell” our client’s story to the jury, rather, it is to “show” the jury the truth.
Focus Groups and Mock Jury Trials
When warranted, we use focus groups and conduct mock jury trials so we can better evaluate the emotional connection between the facts of the case and the jury. By doing so, we refine our strategy to be able to present a more powerful case to the jury.
We are a litigation firm first and foremost, ready to deal with any substantive or procedural legal challenge at every turn. We are equipped with state-of-the-art research and communication technologies that enable us to research every legal issue thoroughly and make ourselves readily available to our clients. In order to resolve each case as quickly and favorably as possible for each client, we litigate aggressively, while always tailoring our strategy to each client’s needs and goals. We explore every procedural angle and make every necessary motion to win the case or expedite the most favorable settlement possible.
Discovering the Story
Everything in life has a story. The “truth,” without a well thought out story, is not believed nor is it effective. We believe that understanding and feeling the core of the client’s story is the key to understanding the “truth” and formulating a powerful story to present to the jury. So, we spend tens of hours listening to the client’s story, and in many cases we use re-enactment techniques to be able to “see” the story. We explore the feelings, motivations and pressures behind every party in every case. That enables us to acquire a deeper understanding of our cases.
Contact us at (310) 340-1550 to schedule a consultation and find out what we can do to help you.