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440 LOANS——PETTY. [ART. LVIIIA
made, bhall be enforced in this State, and any person in any wise par-
ticipating therein in this State shall be subject to the provisions of this
Article.
See article 49.
191S, ch. 88, sec. 19.
19. This Article shall not apply to any person, co-partnership or
corporation doing business under any law of this State, or of the United
States, relating to banks, trust companies, or building and loan associa-
tions, or to companies or corporations making loans at a rate of interest
not exceeding 6% per annum, charging a fee not exceeding 2% of the
amount of the loan, to cover the cost of investigating the character and
circumstances of the borrower and of the co-makers of the borrower's-
note evidencing the loan, and requiring the borrower as security for
such loan, to purchase Certificates of Investment or choses in action
equal in amount to the sum borrowed and to pay therefor in equal
weekly or monthly instalments covering approximately the period of
the loan, provided that the proceeds of said Certificates of Investment
or choses in action shall, at the option of the borrower, be received at
maturity in payment of said loan.
1918. ch. 88, sec. 20.
20. This Article may be cited as the Uniform Small Loan Law.
(a) This Article shall be so interpreted and construed as to effect-
uate its general remedial purpose and to make uniform the laws of
those States which enact it.*
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*The act of 1918, chapter 88. repeals all acts inconsistent with the provisions
of said act of 1918.
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