Notwithstanding anything contained in the Karnataka Money-Lenders Act, 1961, whoever contravenes the provision of section 3 or molests or abets the molestation of any debtor for recovery of any loan shall be punishable with imprisonment for a term which may extend to three years and also with fine which may extend to thirty thousand rupees.
Section 4: Penalty
The Karnataka Prohibition of Charging Exorbitant Interest Ordinance, 2003.State Ordinance of Karnataka · No. 14 of 2004
Where this provision sits
| Act | The Karnataka Prohibition of Charging Exorbitant Interest Ordinance, 2003. |
|---|---|
| Section | 4 |
| Marginal note | Penalty |
| Jurisdiction | State of Karnataka |
| Status | In force as published by the source |
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