Unlawful Loans

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Unlawful Loans

Any loan made in a way contrary to the legal framework of the jurisdiction in which it is made. In general, an unlawful loan refers to a loan with an interest rate that is too high or with insufficient disclosure by one of the parties. See also: Truth in Lending Act.
References in periodicals archive ?
Over the same period they are also accused of concealing, disguising, converting, transferring or removing criminal property - namely money - through operating an unlawful loan business and acquiring, using or possessing criminal property.
She faces one count each of racketeering, unlawful loan or transfer of hunting tag, attempted unlawful loan of hunting tag and unlawful take of antlerless deer.
In early September, KPMG, an audit firm and receiver for the now defunct Unibank, asked a High Court to declare unlawful loans made to Duffuor, other named shareholders and their so-called related interests.
He was convicted in 2014 of providing unlawful loans from Anglo Irish Bank to 10 property developers, dubbed the Maple Ten in 2008.
The government must cease useless international borrowing and lessen reliance on foreign debt in the future and take measures to get the illegal and unlawful loans cancelled.
He is also suspected of playing a role in extending a massive amount of unlawful loans to a group of companies in Tokyo.
On Wednesday, law enforcement authorities served a fresh arrest warrant on former Kofuku Bank President Tokusuke Egawa on suspicion of causing financial damage to the bank through unlawful loans to Kowa Fudosan totaling 6.8 billion yen.
arrested on suspicion of extending unlawful loans to an ailing construction company.
On the same day the pair were convicted, they were cleared of giving unlawful loans to six members of fallen tycoon Quinn's family after a 48-day trial at Dublin's Circuit Criminal Court.
Ex-Anglo chairman Sean FitzPatrick, 65, and former executives Willie McAteer, 63, and 51-year-old Pat Whelan have all pleaded not guilty to 16 charges of providing unlawful loans for clients to buy shares in the bank.
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