When in an action to recover a debt the defendant claims that payment of unlawful interest on the debt has been made to the plaintiff or those under whom he claims, which the defendant is entitled to have credited on the principal of the debt, the plaintiff or the party who received the unlawful interest may be examined as a witness to prove the payment, and may not be excused from testifying in relation thereto. A creditor who is made defendant in a proceeding for discovery as to payments of unlawful interest made to him may not be excused from answering.
(Aug. 30, 1964, 78 Stat. 676, Pub. L. 88-509, § 1.)
1981 Ed., § 28-3306.
1973 Ed., § 28-3306.
Structure District of Columbia Code
Title 28 - Commercial Instruments and Transactions. [Enacted title]
Chapter 33 - Interest and Usury
§ 28–3301. Rate of interest expressed in contract
§ 28–3302. Rate of interest not expressed and on judgments
§ 28–3304. Action to recover usury paid
§ 28–3305. Unlawful interest credited on principal debt
§ 28–3306. Parties compelled to testify
§ 28–3307. Council of the District of Columbia authorized to exempt certain mortgages and loans
§ 28–3308. Finance charge on direct installment loans
§ 28–3310. Consumer protections
§ 28–3311. Definition of interest
§ 28–3315. Exemption of institutions of higher learning from usury law