EMERSON C. HARRINGTON, GOVERNOR. , 203

(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 per-
son and permits the owner or pledger to retain the possession
thereof, or who, by any device or pretense of charging for his
services, or otherwise, seeks to obtain a greater compensation
than is authorized by this Act.

(b) Any person, and the several officers and employees of
any corporation, 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 Act shall be guilty of a misdemeanor, and upon convic-
tion 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 by this Act has been contracted for or received,
wherever made, shall be enforced in this State, and any person
in any wise participating therein in this State shall be subject
to the provisions of this Act.

Section 19. This Act 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 compa-
nies, or building and loan associations, or to companies or cor-
porations 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 bor-
rower'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.