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Orissa Money-Lenders Act, 1939
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Section
Section Title
INTRODUCTION
title
CHAPTER I : PRELIMINARY
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1
Short title, extent and commencement
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2
Definitions
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3
Power of State Government to exempt any money-lender or class of money-lenders or any class of loans from all or any of the provisions of this Act
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title
CHAPTER II : REGISTRATION OF MONEY-LENDBRS AND ACCOUNTS TO BE KEPT BY MONEY-LENDERS
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4
Section 4
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4A
Section 4A
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5
Section 5
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6
Duration and Renewal of Registration certificate
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7
Registered money-lenders to maintain accounts and give receipts
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title
CHAPTER II-A : GENERAL PROVISIONS
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7A
Maximum rate of Interest
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7B
Inspection
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7C
Maximum amount recoverable on loans
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7D
Discharge of loan on payment of double the amount of the Principal
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title
CHAPTER-III : PROVISIONS RELATING TO SUITS IN RESPECT OF LOANS AND EXECUTION OF DECREES
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8
Suit for recovery of loan maintainable by registered money-lenders only
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9
Maximum rates at which interest may be decreed
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10
Maximum amount of interest which may be decreed and appropriation exceeds interest towards loans
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11
Powers to reopen certain transactions and appropriate excess interest towards loan
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12
Decree may order payment of amount due on mortgage by instalments
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13
Power to direct payment for amount decreed in respect of a loan or on mortgage by instalments
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14
Court to estimate the value of judgement debtors property
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15
Only sufficient portion of judgement debtor's property to be sold [1]
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16
Sections 10 to 15 to apply to certain pending suits ,appeals and execution proceedings
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17
Discharge of possessory mortgage
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title
CHAPTER IV : PENALTIES AND PROCEDURE
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18
Power of Collector to cancel Registration Certificate
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18A
Power of the Sub-divisional Officer and the Tahasildar to cancel registration certificate
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18B
Power of the Government to require money-lenders to produce records
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18C
Voluntary cancellation of registration
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19
Penalties
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20
Penalty for taking premium
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20A
Abatement to be an offence
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20B
Offences to be tried by an Executive Magistrates summarily
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20C
Cognizance of offences
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title
CHAPTER V : MISCELLANEOUS
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21
Powers of Court under the usurious Loans Act, 1941 not affected by this Act
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22
Contract for payment outside the State void
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23
Power to deposit in Court money due on loan
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24
Court's receipt to operate as acquittanc
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25
Restriction on re-payment void
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26
Power to make rules
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27
Repeal of enactments
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