§24-12. Applicability of Article

Latest version.

This Article shall apply only to loans of money:

(1)        Secured in whole or in part by a security instrument on real property, other than a first security instrument on real property; and

(2)        The principal amount of the loan does not exceed twenty-five thousand dollars ($25,000);

(3)        The loan is repayable in no less than six nor more than 181 successive monthly payments, which payments shall be substantially equal in amount.

(1971, c. 1229, s. 2; 1979, 2nd Sess., c. 1157, ss. 2, 3.)

                    
                        var val = document.getElementById('citecontent').innerHTML;
                        art.dialog.defaults.title = window.location.href;
                        art.dialog.data('cite', val);
                        art.dialog.data('homeDemoPath', '/Scripts/plus/artDialog/');
                        art.dialog.open('/Scripts/plus/artDialog/citeiframe.html');