Prohibition against use of multiple agreements to obtain excessive finance charge

Checkout our iOS App for a better way to browser and research.

No lender or other person shall use multiple notes, accounts, contracts or agreements with intent to obtain a higher finance charge than permitted by law. If a finance charge be stipulated for or received in any case in violation of this section, all interest and finance charges shall be forfeited.


Download our app to see the most-to-date content.