(2) Give to the fresh new borrower an ordinary and you will over bill per payment produced due to one financing during the time this new percentage is done or, rather, present into the borrower an annual report indicating the degree of notice reduced on financing from inside the previous year also because kept balance on loan, considering a simple acknowledgment is provided towards borrower per fee produced in bucks as well as for people percentage when questioned in writing by the borrower.
(3) Enable percentage of loan entirely or in part previous to their maturity having appeal into such payment for the date thereof.
Neither should an effective licensee bring any mention, guarantee to pay, otherwise security that will not condition the genuine amount of this new mortgage, the full time whereby it is made, therefore the interest rate energized, neither any appliance in which blanks are left are occupied just after performance
(4) Abreast of fees of your own mortgage entirely, draw indelibly every paper closed by the borrower into the phrase “Paid” otherwise “Canceled” and you may release one mortgage, restore people pledge, terminate and you will return people mention, and terminate and go back people project offered by the newest borrower while the safety.
History.–s. 14, ch. 10177, 1925; CGL 4012; s. 13, ch. 73-192; s. 2, ch. 81-318; s. 2, ch. 84-193; s. 4, ch. 86-100; ss. 16, 17, ch. 88-342; s. cuatro, ch. 91-429.
Background.–s. fifteen, ch. 10177, 1925; CGL 4013; s. 2, ch. 81-318; s. 5, ch. 86-100; ss. 16, 17, ch. 88-342; s. 4, ch. 91-429; s. 680, ch. 97-103.
Assignment off wages, an such like., made available to secure fund.–Zero task of, otherwise acquisition into the fee away from, any salary, earnings, commissions, or other settlement to have properties, gained or to end up being gained, supplied to safer such financing should be valid.
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