§ 15-304. Affidavit as to interest on loan

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The assignor's acknowledgment of assignment shall include his affidavit stating that he has not paid and will not pay directly or indirectly on any sum borrowed, an effective rate of simple interest, as defined in § 12-101 of this article, of more than 6 percent per annum.

HISTORY: An. Code 1957, art. 8, § 8; 1975, ch. 49, § 3.

                    
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