The certified question from the U.S. Court of Appeals for the Ninth Circuit asked the New York Court of Appeals to decide whether the arrangement qualified as a “loan” or “cover for usury” under a state statute, which caps the amount of interest that can be charged for lending.


Georgia Law TV®’s objective is to provide the best possible law related information to consumers in a manner that is timely, accurate, clear and easy to understand. We endeavor to remain steadfast to journalistic values and standards excellence. Our mission is to educate and inform consumers regarding legal issues that may be of interest and importance to them.