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[Cites 0, Cited by 0] [Section 7] [Entire Act]

State of Assam - Subsection

Section 7(1) in Assam Money Lenders Act, 1934

(1)In respect of every contract for the repayment of a loan made by a money-lender, whether made before or after the commencement of this Act, the money-lender shall on demand in writing being made by the borrower at the time of executing the contract or at any time during the continuance of the contract, supply to the borrower, or, if the borrower so requires, to any person specified in that behalf in the demand, a statement signed by the money-lender or his agent showing-
(a)the date on which the loan was made, the amount of the principal of the loan, and the rate per cent. per annum of interest charged ; and
(b)the amount of any payment already received by the money-lender in respect of the loan and the date on which it was made : and
(c)the amount of every sum due to the money-lender, but unpaid, and the date upon which it became due and the amount of interest accrued due and unpaid in respect of every such sum ; and
(d)The amount of every sum not yet due which remains outstanding and the date upon which it will become due :
Provided that when a demand under this sub-section has once been complied with, a second demand any not be made in respect of the same loan within six months.