District of Columbia Statutes
§ 31-4707 — Ascertainment of loan indebtedness.
District of Columbia·Title 31 Insurance and Securities.·Ch. 47 Provisions Relating to All Life Insurance Companies.
In ascertaining the indebtedness due upon policy or premium loans the interest, if not paid when due, shall be added to the principal of such loans and shall bear interest at the rate specified in the note or loan agreement.
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Legislative History
June 19, 1934, 48 Stat. 1164, ch. 672, ch. V, § 7
Nearby Sections
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§ 31-1001
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Prohibited conduct – student loan servicers.§ 31-106.02b
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