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Section 13: Deferment of repayment of loan

The Karnataka Prohibition of Charging Exorbitant Interest Ordinance, 2003.State Ordinance of Karnataka · No. 14 of 2004

Notwithstanding anything contained in the Karnataka Money Lenders Act, 1961, no action against debtor who is a farmer or agricultural labourer to recover loan shall be taken for a period of one year from the date of commencement of this Ordinance.

T.N. Chaturvedi Governor of Karnataka By Order and in the name of the Governor of Karnataka M.R.HEGDE Secretary to Government, Department of Parliamentary Affairs and Legislation.

Where this provision sits

ActThe Karnataka Prohibition of Charging Exorbitant Interest Ordinance, 2003.
Section13
Marginal noteDeferment of repayment of loan
JurisdictionState of Karnataka
StatusIn force as published by the source

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