There is a newer version
of
this Section
2019 District of Columbia Code
Title 28 - Commercial Instruments and Transactions. [Enacted title]
Chapter 36 - Direct Motor Vehicle Installment Loans.
§ 28–3602. Finance charge.
Universal Citation: DC Code § 28–3602 (2019)
Such a bank or savings and loan association may contract for and receive interest at the rate provided for in Chapter 33 of this subtitle, or, in lieu of such interest, a finance charge which, if expressed as an annual percentage rate, does not exceed a rate of 21% per annum on the unpaid balances of principal.
(Dec. 17, 1971, 85 Stat. 667, Pub. L. 92-200, § 4; Mar. 10, 1982, D.C. Law 4-70, § 4, 28 DCR 5236.)
Prior Codifications1981 Ed., § 28-3602.
1973 Ed., § 28-3602.
Section ReferencesThis section is referenced in § 28-3601.
Disclaimer: These codes may not be the most recent version. District of Columbia may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
