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Title XXVI TRADE AND COMMERCE

Chapter 408

previous next Effective - 28 Aug 1979bottom

  408.553.  Recovery limitation. — Upon default the lender shall be entitled to recover no more than the amount which the borrower would have been required to pay upon prepayment of the obligation on the date of final judgment together with interest thereafter at the simple interest equivalent of the rate provided in the contract.

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(L. 1979 S.B. 305)


---- end of effective   28 Aug 1979 ----

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