State Act

30

Section 30. Prohibition of charge for expenses on loans by money -lenders.

THE RAJASTHAN MONEY-LENDERS ACT, 1963

Act no. 1 of 19641964In forceRajasthan (State Act)

30. Prohibition of charge for expenses on loans by money -lenders. — No money-lender shall receive from a debtor or intending debtor any sum other than reasonable costs of investigating title to the property, costs of stamp, registration of documents and other usual out-of-pocket expenses in cases where an agreement between the parties includes a stipulation that property is to be given as security or by way of mortgage and where both parties have agreed to such costs and reimbursement thereof, or where such costs, charges or expenses are leviable under the provisions of the Transfer of Property Act, 1882 (Central Act IV of 1882) or any other law for the time being in force.