Conn. Gen. Stat. § 37-6

Current with legislation from the 2024 Regular and Special Sessions.

Section 37-6 - Certain expenses not to be charged to the borrower

No person and no firm or corporation, or agent thereof, shall charge a borrower with any expense of inquiry as to his financial responsibility or expense of negotiating a loan, or charge, at the time of making the loan, the expense of collecting the interest and principal of the loan, unless the total of such charges and of the interest agreed upon is, during any one year, twelve per cent of the loan or less.

Conn. Gen. Stat. § 37-6

(1949 Rev., S. 6781.)

Cited. 113 Conn. 571; 120 Conn. 665; 145 Conn. 342, 465; 172 Conn. 395; 211 Conn. 613. Cited. 6 Conn.App. 691. Cited. 1 Conn.Supp. 160.