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Home›State Acts›The Tamil Nadu Prohibition of Charging Exorbitant Interest Act, 2003›section 3

section 3

Prohibition of charging exorbitant interest.

The Tamil Nadu Prohibition of Charging Exorbitant Interest Act, 2003
General200312 sections
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Statutory text

No person shall charge exorbitant interest on any loan advanced by him.

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← section 2section 4 →

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Contents

12 matching sections

  1. 1Short title, extent and commencement.
  2. 2Definitions.
  3. 3Prohibition of charging exorbitant interest.
  4. 4Penalty.
  5. 5Deposit of money and presentation of petition to Court and the procedure thereof.
  6. 6Restoration of possession of property.
  7. 8Adjustment of interest.
  8. 9Abetment of suicide.
  9. 10Court fees.
  10. 11Act not to be in derogation to other laws.
  11. 12Application of provisions of Money-lenders Act.
  12. 13Repeal and Saving.
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