GroundRules
32-5-311: Precomputed interest prohibited.
Where this section sits in the code
- TITLE 32. FINANCIAL INSTITUTIONS
- CHAPTER 5. CONSUMER LOAN BUSINESSES
- Part 3. Operation of Business -- Restrictions and Requirements
All consumer loans made or refinanced under this chapter must be made on simple interest, and the interest on consumer loans made or refinanced under this chapter may not be precomputed.
Collected 2026-09-14T04:52:01Z. Source file · JSON