Connecticut § 37-1a Payment of interest on commercial loans in excess of ten thousand dollars.

Connecticut Statutes

§ 37-1a — Payment of interest on commercial loans in excess of ten thousand dollars.

Connecticut·Title 37 Interest

On any loan in excess of ten thousand dollars made to any person, corporation, partnership or association engaged in commercial, manufacturing, industrial or nonconsumer pursuits the loan agreement may provide for the interest to be either paid currently or to accrue, and, if such interest is to accrue, such accrued interest may be added to the principal of the debt on which interest may be charged and collected.

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On any loan in excess of ten thousand dollars made to any person, corporation, partnership or association engaged in commercial, manufacturing, industrial or nonconsumer pursuits the loan agreement may provide for the interest to be either paid currently or to accrue, and, if such interest is to accrue, such accrued interest may be added to the principal of the debt on which interest may be charged and collected.

Connecticut § 37-1a (Payment of interest on commercial loans in excess of ten thousand dollars.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.