Page:United States Statutes at Large Volume 37 Part 1.djvu/682

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SIXTY-SECOND. CONGRESS. Sus. III. Ch. 26. 1913.. 659 Sec. 5. That no such person, firm, voluntary association, joint-stock I¤°°'••* ¤°° M •¤· company, incorporated society, or corporation shall charge or receive :6°ilr.i.°°w°°°i W a greater rate of interest upon any loan made by him or it than one per centum per month on the actual amount of the loan, and this charge shall cover all fees, expenses, demands, and services of every character, including notarial and fees and charges, except upon the foreclosure of the security. The oregoing interest shallnot be deducted from the principal 0 loan when same is made. Every *° °°" such person, firm, voluntary association, joint-stock compan , incorporated society, or corporation conducting such business shall furnish the borrower a written, typewritten, or printed statement at the time the loan is made, in lhiglish, in clear and distinct terms, the amount of the loan, the ate when loaned and when due, the person to whom the loan is made, the name of the lender, the amount of - interest charged, and the lender shall give the borrower a plain and . complete receipt for all payments made on account of the loan at the time such payments are made. No such loaulgreater than two u"'"'°"°‘ · hundred do shall be made to any one person: rovided, That any mm:. person contracting, directly or indirectly, for, or receiving a greater ,,,{',§{{,':',‘§'&_ *°' °" rate of interest than that ed in this Act_, shall forfeit all mterest so contracted for or received; aud in additronthereto shall forfeit to ` phe borrowef a suoi of mooey, to oeudeducted fiom thehanrgount due t or rmci a , equa to one- o o e princi sum: {·ovukd` ¤·>*•*¤¤•¤ °¤· {nrt/liar, That any person in the employ of theléovernment w o shall Pl°’°°°' 6an money in vio ation of the provisions of thisAct shall forfeit his oiigze or polsgtion, andhplol removed from tlhe same. h f _ N nc. 6. tcomp `tsagainstany 'censeeora 'cant ora H¤•¤¤gc °°¤,· license shall be made in writing to the said commissiongrg and notice {grill:. ¥ thereof of not less than three days shall be given to licensee or applicant by serving upon him a concise statement of the facts constituting the complaint, and a hearing shall be had before the said "°°°°'""" commissioners within ten days from the date of the filinglof the C(1I§£l.8.l.Ilt, and no adjournment shall be taken for longer an one w . A daily calendar shall be kept of all hearings by the said commissioners, which shall be (posted in a conspicuous place in their ublic office for at least three ays before the ate of such hearings. The said commissioners shall render their decision within eight days from the time the matter is finally submitted to them. Said commissioners shall keep a record of all such complaints andheanngs, and may refuse to issue and shall suspend or revoke any license or any good cause shown, within the meaning and tgurpose of this Act; and when it is shown to their satisfaction, whe er as a result of a written complaint as aforesaid or otherwise, that any licensee or applicant under this Act, either before or after conviction, is guilty o any conduct in violation of this or any law relating to such business it shall be the dut of the said commissioners to suspend or revoke the license of such licensee or reject the petition of the apglicant, but notice of the written complaint or plrogiosed action shall presented to and reasonable opportunity sh e given said licensee or applicant to be heard in his defense. Whenever for any cause such license is revoked, said connuissioners shall not issue another license to sand licenseé until the expiration of at least one year from the date of revocation of such license, and not at all if such licensee shall have been convicted of a violation of this Act under the provisions of the following section thereof. _ _ Sec. 7. That any violation of this Act shall be pumshed by a fine ,·g;§¤¤·=¤“°"*° of not less than twenty-five dollars and not greater than two hundred dollars, or by imprisonment in the jail or the workhouse of the District of Columbia for not less than five nor more than thirty days, or by both such fine and imprisonment, in the discretion of the court. The