Multistate Initial Interest Adjustable Rate Note (1-Year ...
The note or memorandum is required to contain all the terms of the agreement, in particular the rate of interest charged on the loan expressed as a rate per cent per annum or the rate per cent per annum represented by the interest charged as calculated in accordance with Schedule 2 to the Ordinance. Moreover, the Ordinance imposes a duty on the money lender to give information to the borrower ... ................
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