Tag: Tamil Nadu Money Lenders Act

1 Results

  • Usury kills

    Usury kills

    Tamil Nadu perhaps has the best laws against usurious money-lending and worst forms of settling disputes arising out of un-repaid loans. Section 7 of the Tamil Nadu Money Lenders Act, 1957, says, “No money lender shall charge interest on any loan at a rate exceeding such rate as the government may, by notification, fix from …

    October 31, 2017