Bare ActsThe Maharashtra MoneyLending (Regulation) Act, 2014

Section 23

Promissory note, Bond, etc., to be factual.

Amendment status not verified — confirm the current text below against the official source.

No money-lender shall take any promissory note, acknowledgment, bond or other writing which does not state the 1 [actual amount of the loan and rate of interest] or which states such amount wrongly or execute any instrument in which blanks are left to be filled in after execution, without mentioning the date and amount of loan.

Section 23 – The Maharashtra MoneyLending (Regulation) Act, 2014 | DailyLaw.ai