Commercial Loans; Interest; Additional Charges

4 CMC § 60155, under Other Finance Companies.

4 CMC § 60155

Commercial Loans; Interest; Additional Charges. A licensee may make commercial loans and may charge and receive interest (including compound interest), discount, consideration, finance charge, and other charges as provided in 4 CMC § 60151. Source: PL 15-85, § 4, modified. Commission Comment: The Commission changed capitalization in this section pursuant to 1 CMC § 3806(f). See comment to 4 CMC § 60101 for more information regarding PL 15-85 (effective September 20, 2007).