44-1202. Forfeiture of all interest upon obligation involving interest exceeding the maximum amount set by contract
A person shall not directly or indirectly take or receive in money, goods or things in action, or in any other way, any greater sum or any greater value for the loan or forbearance of any money, goods or things in action, than the maximum permitted by law. Any person, contracting for, reserving or receiving, directly or indirectly, any greater sum of value shall, forfeit all interest.
Section: Previous 44-1043 44-1044 44-1045 44-1046 44-1047 44-1061 44-1201 44-1202 44-1203 44-1204 44-1205 44-1206 44-1207 44-1208 44-1211 NextLast modified: October 13, 2016