LawgistThe Usury Laws Repeal Act
6Rate of interest on future adjustments of accounts
In any case in which an adjustment of accounts may become necessary between the lender and the borrower of money upon any mortgage, conditional sale of landed property, or other contract whatsoever, which may be entered into after the passing of this Act, interest shall be calculated at the rate stipulated therein; or, if no rate of interest shall have been stipulated and interest be payable under the terms of the contract, at such rate as the Court shall deem reasonable.
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All sections
- 1 [Repealed.]
- 2 Rate of interest to be decreed by Courts
- 3 Rate of interest upon a judgment or decree
- 4 Contracts for usufruct of property in lieu of interest
- 5 Amount of interest to be deposited in certain cases of conditional sales under Bengal Regulations. Proviso 6. Rate of interest on future adjustments of accounts. Provis
- 6 Rate of interest on future adjustments of accounts
- 7 Repealed.
- 8 Repealed.
- 9 Repealed.
