Act Number: 28

Act Name: The Usury Laws Repeal Act, 1855

Year: 1855

Enactment Date: 1855-09-19

Long Title: An Act for the repeal of the Usury Laws.

Ministry: Ministry of Finance

Department: Department of Economic Affairs

Section 2: Rate of interest to be decreed by Courts.
    In any suit in which interest is recoverable, the amount shall be adjudged or decreed by the Court at the rate (if any) agreed upon by the parties; and if no rate shall have been agreed upon, at such rate as the Court shall deem reasonable.
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