CHAPTER 31. CORPORATIONS.

§31-18-6a. Certain loans exempt from laws limiting interest rates or providing forfeitures, etc.

Notwithstanding any other provision to the contrary, no law limiting interest rates or providing for forfeiture, penalty or other loss or liability because of rate of interest charged shall apply to any loan in a principal amount of more than $100,000 on loans made by the Housing Development Fund in the furtherance of its corporate purposes or to any addition to or refinancing of a loan in the original principal amount of more than $100,000, made by the Housing Development Fund for such purposes.

§31-18-6a. Certain loans exempt from laws limiting interest rates or providing forfeitures, etc.

Bill History For §31-18-6A

1976 Regular Session
House Bill 1457