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1264

Article 1264

Du Prêt à intérêt

Contract Law
Titre XXIV: Du Prêt (On Loan)
Chapitre III: Du Prêt à intérêt (On Interest-Bearing Loans)

Il ne pourra être stipulé un intérêt au-delà de six pour cent par an ; et celui qui aurait été fixé à un plus haut taux, sera réduit, à l'exception de l'intérêt stipulé pour rente viagère.

Life lesson: Six percent per year is the cap — anything higher gets knocked down. Life annuities are the only exception.
Notes: Usury cap: 6% per annum maximum. Excess automatically reduced. Exception: rentes viagères (life annuities) exempt. Anti-usury measure.
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