What do usury laws regulate?

Usury laws are specifically designed to regulate the maximum interest rates that lenders can charge borrowers. These laws are intended to protect consumers from predatory lending practices and exorbitant interest charges that can lead to financial hardship. By setting a cap on interest rates, usury laws ensure that borrowing remains fair and affordable for individuals and businesses.

In this context, minimum loan amounts, loan default penalties, and borrower eligibility criteria do not fall under the purview of usury laws. Minimum loan amounts relate to the smallest amount a lender is willing to approve, which is independent of interest rate concerns. Loan default penalties address the consequences for failing to repay a loan, while borrower eligibility criteria involve the qualifications needed to secure a loan, such as creditworthiness and income levels. Usury laws, therefore, focus solely on limiting how much interest can be charged, making option B the correct answer.