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Section 1 – Short Title And Extent

The Usurious Loans Act, 1918

Bare Act

(1) This Act may be called Usurious Loans Act, 1918.

(2) It extends to the whole of India except the territories which, immediately before the 1st November, 1956, were comprised in Part B States.

(3) The State Government may, by notification in the Official Gazette, direct that it shall not apply to any area, class of persons, or class of transactions which it may specify in its notification.

Simplified Act and examples below are previews.

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Simplified Act

(1) This law is known as the Usurious Loans Act, 1918.

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