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The Usurious Loans Act, 1918

( ACT NO. X Of 1918 )

An Act to give additional powers to Courts to deal in certain cases with usurious loans of money or in kind.

 
WHEREAS it is expedient to give additional powers to Courts to deal in certain cases with usurious loans of money or in kind; It is hereby enacted as follows:-
 
 
 

Short title and extent
1.(1) This Act may be called the Usurious Loans Act, 1918.
 
 
(2) It extends to the whole of 1[Bangladesh].
 
 
(3) The 2[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.

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Ministry of Law, Justice and Parliamentary Affairs