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 4: Contracts for usufruct of property in lieu of interest .
    A mortgage or other contract for the loan of money, by which it is agreed that the use or usufruct of any property shall be allowed in lieu of interest, shall be binding upon the parties.
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