Amendment status not verified — confirm the current text below against the official source.
(1) Every money-lender shall-+ lender to (a) regularly I ecorct and mai!~taii~ or cause to be keep books, recorded and main tainetl , an .G--,, .... 1 ..hov-in2 for each give debtor separately- receipts, e tc . (i) the date of the loan, the oinount of the principal of the loan, the rate oS interest chargtbd c~n the loan and the nature of security taken, if any ; :mtl (ii) the amount of every payment received by the money-lender in rcspcct uf the loan, and ; l ~ c dirte of such payment ; (b) give to tbc dtbtor or his agent cz receipt h r every rqm writ paid !ni hiin, dul:t signed at d if necessary, stamped at the time ol auch payment ; 748 Money-lenders 11957: T.N. Act XXVI (7) Notwithstan cliilg any agrmlneat between the parties o r any law for the time being in force, when a statement is furnished to a debtor under this section 011 any day during amonth, the interest due shall be calculated as payable for the entire month irrespective of the fact that such state- ment is furnished on any such day. :'$ * - *Pi> . ." I . >-+J T. * . ;+'- . . . ~ppoint-