Commercial Law – General Regulatory Provisions

CHAPTER 6-26.1
Credit Card Lending

SECTION 6-26.1-2

§ 6-26.1-2. Authorization to make loans – Usury.

Any credit card lender may, subject to any limitations on lending authorities contained in its charter or otherwise imposed by law, offer and extend credit to a borrower and in connection with the credit may charge and collect interest, interest fees, and charges, and other charges permitted by this chapter and may take any security as collateral in connection with it that may be acceptable to the credit card lender.

History of Section.
(P.L. 2003, ch. 237, § 1; P.L. 2014, ch. 528, § 16.)