No borrower of money shall be permitted to set off or recover back, by any proceeding in court, any sum of money paid by way of interest, discount or damages, for the detention of money, in excess of the rate of six per cent a year.
(1949 Rev., S. 6777.)
Cited. 193 C. 304.
Structure Connecticut General Statutes
Section 37-1. - Legal rate. Accrual as addition to debt.
Section 37-1a. - Payment of interest on commercial loans in excess of ten thousand dollars.
Section 37-2. - No recovery after payment.
Section 37-3. - Rate recoverable as damages.
Section 37-3a. - Rate recoverable as damages. Rate on debt arising out of hospital services.
Section 37-3b. - Rate of interest recoverable in negligence actions.
Section 37-3c. - Rate of interest recoverable in condemnation cases.
Section 37-4. - Loans at greater rate than twelve per cent prohibited.
Section 37-5. - Notes not to be accepted for greater amounts than loaned.
Section 37-6. - Certain expenses not to be charged to the borrower.
Section 37-8. - Actions not to be brought on prohibited loans.