Legislation

Search OpenLegislation Statutes

previous
  • SECTION 5-511
    Usurious contracts void
    • up
  • TITLE 5
    Interest and Usury; Brokerage On Loans
    • next
  • SECTION 5-515
    Borrower bringing an action need not offer to repay
    • Viewing most recent revision (from 2014-09-22)

    SECTION 5-513

    Recovery of excess

    General Obligations (GOB) CHAPTER 24-A, ARTICLE 5, TITLE 5

    § 5-513. Recovery of excess. Every person who, for any such loan or
    forbearance, shall pay or deliver any greater sum or value than is
    allowed to be received pursuant to section 5-501, and his personal
    representatives, may recover in an action against the person who shall
    have taken or received the same, and his personal representatives, the
    amount of the money so paid or value delivered, above the rate
    aforesaid.