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60 chapters · 1,417 sections in this title.
18 GCA § 47101 Loan of Money
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A loan of money is a contract by which one delivers a sum of money to another, and the latter agrees to return at a future time a sum equivalent to that which he borrowed. A loan for mere use is governed by Chapter 45, Loan for Use. SOURCE: CC § 1912.
18 GCA § 47102 Loan Repaid in Current Money
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A borrower of money, unless there is an express contract to the contrary, must pay the amount due in such money as is current at the time when the loan becomes due, whether such money is worth more or less than the actual money lent. SOURCE: CC § 1913.
18 GCA § 47103 Interest on Loan
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Whenever a loan of money is made, it is presumed to be made upon interest, unless it is otherwise expressly stipulated at the time in writing. SOURCE: CC § 1914.
18 GCA § 47104 Interest, What
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Interest is the compensation allowed by law or fixed by the parties for the use, or forbearance, or detention of money. SOURCE: CC § 1915.
18 GCA § 47105 Annual Rate
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COL120106 When a rate of interest is prescribed by a law or contract, without specifying the period of time by which such rate is to be calculated, it is to be deemed an annual rate. SOURCE: CC § 1916.