The Usurious Loans Act, 1918 Bare Act(1) This Act may be called Usurious Loans Act, 1918. **( For complete and ad-free access to this Act with full section content, use KanoonGPT Pro . Simplified Act(1) This law is known as the Usurious Loans Act, 1918.Read more of the simplified explanation KanoonGPT Pro subscription unlocks you full and ad free access.