Orissa Money lenders Act, 1939

Enter the Future of Legal Excellence with SupremeToday AI

Elevate your legal practice with advanced AI-driven research and drafting solutions. Experience unmatched efficiency, precision, and security, tailored exclusively for legal professionals.

An indispensable Tool for Legal Professionals, Endorsed by Various High Court and Judicial Officers

Please visit our Training & Support
Center or Contact Us for assistance

Scan Me!

India’s Legal research and Law Firm App, Download now!

For Daily Legal Updates, Join us on :

S.1 Short title, extent and commencement

S.2 Definitions

S.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

S.4 No person to carry on money-lending business without being registered

S.4(a) Register of money-lenders

S.5 Registration of money-lenders and registration fee

S.5(a) Restriction on non-citizens

S.6 Duration and renewal of registration certificate

S.7 Registered money-lender to maintain accounts and give receipts

S.7(a) Maximum rate of interest

S.7(b) Inspection

S.7(c) Maximum amount recoverable on loans

S.7(d) Discharge of loan on payment of double the amount of the principal

S.8 Suit for recovery of loan maintainable by registered money-lenders only

S.9 Maximum rates at which interest may be decreed

S.10 Maximum amount of interest which may be decreed and appropriation of excess interest towards loan

S.11 Power to re-open certain transactions and appropriate excess interest towards loans

S.12 Court may order payment of amount due on mortgage by installments

S.13 Power to direct payment for amount decreed in respect of a loan or on mortgage by installments

S.14 Court to estimate the value of judgement-debtors property

S.15 Only sufficient portion of judgment-debtor's property to be sold

S.16 Sections 10 to 15 to apply to certain pending suits, appeals and execution proceedings

S.17 Discharge of possessory mortgage

S.17(a) Power of certain officers to enforce delivery of possession of property

S.18 Power to cancel registration certificate

S.18(a) Power of the Sub-Divisional Officer and the Tahasildar to cancel registration certificate

S.18(b) Power of the Government to require money-lenders to produce records

S.18(c) Voluntary cancellation of registration

S.19 Penalties

S.20 Penalty for taking premium

S.20(a) Abetment to be an offence

S.20(b) Offences to be tried by Executive Magistrates summarily

S.20(c) Cognizance of offences

S.21 Powers of Court under the Usurious Loans Act, 1918 not affected by this Act

S.22 Contract for payment outside the State, void

S.23 Power to deposit in Court money due on loan

S.24 Courts receipt to operate as acquaintance

S.25 Restriction on repayment void

S.26 Power to make rules

S.27 Repeal of enactments

Enter the Future of Legal Excellence with SupremeToday AI