§ 28-3602Title 28
Finance charge.
Such a bank or savings and loan association may contract for and receive interest at the rate provided for in Chapter 33 of this subtitle, or, in lieu of such interest, a finance charge which, if expressed as an annual percentage rate, does not exceed a rate of 21% per annum on the unpaid balances of principal.
Annotations
Dec. 17, 1971, 85 Stat. 667, Pub. L. 92-200, § 4 Mar. 10, 1982, D.C. Law 4-70, § 4, 28 DCR 5236 1973 Ed., § 28-3602. 1981 Ed., § 28-3602. This section is referenced in § 28-3601.
Sourced from the DC Council Open Law Library (public domain).
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