The Usurious Loan (Himachal Pradesh Amendment) Act, 1969

Finance19693 sections

This law amends the Usurious Loans Act of 1918 specifically for the state of Himachal Pradesh. It modifies a definition regarding loans to clarify that the rules apply to loans made before the act started, not just after. Additionally, it abolishes an older law from 1948 that previously applied to parts of the state, ensuring that any actions already taken under the old law are treated as if they were done under this new amendment. This update helps standardize lending regulations in the region.

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1. Short title and extent.
2. Amendment of section 2.
3. Repeal and savings.

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