Contract for purchase

9 V.I.C. § 846 — under Virgin Islands Finance Lenders.

9 V.I.C. § 846

No person in connection with or incidental to the making of any loan regulated by this chapter may require the borrower to contract for purchase, or agree to purchase, any other thing in connection with the loan. A policy of insurance of the type specified in section 848 and credit life and disability insurance is not prohibited by this section. A policy of mortgage guaranty insurance may not be deemed to be a collateral sale, purchase, or agreement within the terms of this section or of section 833(2) or 847.