State Act
13
Section 13. Deferment of repayment of loan.
THE KARNATAKA PROHIBITION OF CHARGING EXORBITANT INTEREST ACT 2004
Act no. 14 of 20042004In forceKarnataka (State Act)
13. Deferment of repayment of loan.- Notwithstanding anything contained in the Karnataka Money Lenders Act, 1961, no action to recover a loan against a debtor who is a farmer or agricultural labourer shall be taken for a period of one year from the date of commencement of this Act.