This text is for informational purposes only. No-one is creating an attorney client relationship with you and no legal advice is being given. Although this information is updated regularly it may not be complete or accurate. As with any legal matter, multiple sources should be checked and professional counsel consulted.
No person and no firm or corporation or agent thereof, other than a pawnbroker as provided in section 21-44, shall, as guarantor or otherwise, directly or indirectly, loan money to any person and, directly or indirectly, charge, demand, accept or make any agreement to receive therefor interest at a rate greater than twelve per cent per annum. (20)
This text is for informational purposes only. No-one is creating an attorney client relationship with you and no legal advice is being given. Although this information is updated regularly it may not be complete or accurate. As with any legal matter, multiple sources should be checked and professional counsel consulted.