Home Foreclosures: 7.8 Civil RICO
The federal Racketeer Influenced and Corrupt Organizations Act (RICO)186 provides powerful civil remedies, including attorney fees and treble damages, to victims subjected to a broadly defined range of “racketeering activity” or to the collection of an “unlawful debt,” which is defined as any usurious debt bearing interest of at least twice the “enforceable rate.”187