A mortgage charging the borrower more than a 60% effective annual interest rate violates the Criminal Code and puts the lender’s investment at risk. The lender who suffers the loss might look to recover it from the advising broker. Because of the way interest is calculated for purposes of the applicable Criminal Code section, a person can innocently breach the 60% threshold. In some circumstances, otherwise legitimate transactions can become unenforceable. Learn how the 60% is calculated and what to include and exclude from the calculation. Learn of the regulatory, civil, and criminal consequences associated with a criminal rate of interest having been charged, and how to protect against the risks.