Financial institutions

CHAPTER 19-14.2
Small Loan Lenders

SECTION 19-14.2-13

§ 19-14.2-13 Additional documents delivered to borrower.

Every licensee who is the holder of any small loan note shall deliver to the borrower, at the time any small loan is made, a statement of the law regarding interest rate and term limitations, in plain English, showing in clear and distinct terms the amount and date of the loan and of its maturity, the nature of the security, if any, for the loan, the name and address of the borrower and of the licensee, and the agreed rate of interest.

History of Section.
(P.L. 1995, ch. 82, § 54.)