18. Duty of money-lender to keep accounts, and furnish copies.

{
    "act_title": "The Bombay Money Lenders Act, 1946",
    "act_slug": "the-bombay-money-lenders-act-1946",
    "section_label": "Section",
    "section": {
        "number": "18",
        "title": "18. Duty of money-lender to keep accounts, and furnish copies.",
        "chapter": null,
        "content": "(a) deliver or cause to be delivered-\n(i) to the debtor within 30 days from the date on which a loan is made, a statement in any recognised language showing in clear and distinct Terms the amount and date of the loan and of its maturity the nature of the security, if any, for the loan, the name and address of the debtor and of the money-lender and the rate of interest charged:\n(ii) to the Assistant Registrar, within the said period [a statement containing the particulars referred to in clause (a) (i)] ;\n(b) upon repayment of a loan in full, mark indelibly every paper signed by the debtor with words indicating payment or cancellation, and discharge every mortgage, restore every pledge, return every note and cancel or reassign every assignment given by the debtor as security for the loan.",
        "footnote": "",
        "is_definition": false,
        "sort_order": 17
    },
    "prev_section": "17",
    "next_section": "19"
}