EMERSON C. HARRINGTON, GOVERNOR. 201

SEC. 13. No licensee or other person or corporation shall
print, publish, or distribute or cause to be printed, published
or distributed in any manner whatsoever, any written or
printed statement with regard to the rates, terms or conditions
for the lending of money, credit, goods or things in action, in
amounts of three hundred dollars ($300) or less, which is false
or calculated to deceive.

Any person, and the several officers and employees of any
corporation, who shall violate this section 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.

SEC. 14. Every person, co-partnership and corporation
licensed hereunder may loan any sum of money, goods or things
in action, not exceeding in amount or value the sum of three
hundred dollars ($300) and may charge, contract for and re-
ceive thereon interest at a rate not to exceed three and one-
half (3 1/2) per centum per month.

(a) Interest shall not be payable in advance or compound-
ed and shall be computed on unpaid balances. In addition to
the interest herein provided for, no further or other charge, '
or amount whatsoever for any examination, service, brokerage,
commission or other thing, or otherwise, shall be directly or
indirectly charged, contracted for or received, except the lawful
fees, if any, actually and necessarily paid out by the licensee
to any public officer, for filing, or recording in any public office,
any instrument securing the loan, which fees may be collected
when the loan is made, or at any time thereafter.

(b) If interest, or charges in excess of those permitted by
this Act shall be charged, contracted for, or received, the con-
tract of loan -shall be void and the licensee shall have no right
to collect, or receive any principal, interest or charges what-
soever.

(c) No person shall owe any licensee at any time more
than three hundred dollars ($300) for principal.

SEC. 15. Every licensee shall:

(a) Deliver to the borrower, at the time a loan is made, a
statement in the English language showing in clear and dis-
tinct terms the amount and date of the loan and of its matur-
ity, the nature of the security, if any, for the loan, the name
and address of the borrower and of the licensee and the rate