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ART. LVIIIA] LOANS——PETTY. 439
1918, ch. 88, sec. 17.
17. No assignment of or order for the payment of any salary or
wages, earned or to be earned, given to secure a loan, shall be valid
unless such loan is contracted simultaneously with its execution; nor
unless in writing signed in person by the borrower; nor, if the borrower
is married, unless signed in person by both husband and wife; provided,
that written assent of a spouse shall not be required when husband and
wife have been living separate and apart for a period of at least five
months prior to such assignment.
(a) Under any such assignment or order for the payment of future
salary or wages given as security for a loan made under this Article a
sum of ten (10) per centum of the borrower's salary or wages, shall be
collectible therefrom by the licensee at the time of each payment of
salary or wages, from the time that a copy thereof, verified by the
oath of the licensee, or his agent, together with a verified statement of
the amount unpaid upon such loan, is served upon the employer.
See article S, section 11 et seq.
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1918, ch. 88, sec. 18.
18. No person, co-partnership or corporation, except as authorized
by this Article shall, directly or indirectly, charge, contract for, or
receive any interest or consideration greater than six (6) per centum
per annum upon the loan, use or forbearance of money, goods or things
in action, or upon the loan, use or sale of credit, of the amount or value
of three hundred dollars ($300) or less.
(a) The foregoing prohibition shall apply to any person who, as
security for any such loan, use or forbearance of money, goods or things
in action or for any such loan, use or sale of credit, makes a pretended
purchase of property from any person and permits the owner or pledgor
to retain the possession thereof, or who, by any device or pretense of
charging for his services, or otherwise, seeks to obtain a greater com-
* pensation than is authorized by this Article.
(b) Any person, and the several officers and employees of any cor-
poration, who shall violate the foregoing prohibition shall be guilty of
a misdemeanor, and upon conviction thereof shall be punishable by a
fine of not more than five hundred dollars ($500), or by imprisonment
of not more than six (6) months, or by both fine and imprisonment, in
the discretion of the Court.
(c) Any licensee and any officer or employee of a licensee who shall
violate any of the provisions of Section fourteen (14) of this Article
shall be guilty of a misdemeanor, and upon conviction thereof shall be
punishable by a fine of not more than five hundred dollars ($500), or
by imprisonment of not more than six (6) months, or by both such
fine and imprisonment, in the discretion of the Court.
(d) No loan for which a greater rate of interest or charge than is
allowed bv this Article has been contracted for or received, wherever
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