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[Cites 0, Cited by 0] [Section 10] [Entire Act]

State of Madhya Pradesh - Subsection

Section 10(1) in The M.P. Anusuchit Jan Jati Sahukar Viniyam, 1972

(1)Every money-lender shall deliver or cause to be delivered every year to each of his debtors a legible statement of such debtor's accounts signed by the money-lender or his agent of any amount that may be outstanding against such debtor. The statement shall show-
(a)the amount of the principal and the amount of interest, separately, due to the money lender;
(b)the amount of every payment already received by the money-lender in respect of the loan during the year together with the date on which each payment was made;
(c)All payments whether credited in the account of the principal or in the account of interest;
(d)the amount of principal and interest remaining unpaid.