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The Money-Lenders Act, 1940 (Bengal Act)

Section 26Borrower not bound by money-lender’s statement of accounts

In forceChapter IV REGULATION OF ACCOUNTS OF MONEY-LENDERS

Chapter IV REGULATION OF ACCOUNTS OF MONEY-LENDERS

s. 26

26. Borrower not bound by money-lender’s statement of accounts A borrower to whom a statement of accounts has been furnished under section 25 shall not be bound to acknowledge or deny its correctness, and his failure to do so shall not, by itself, be deemed to be an admission of the correctness of the account.

End of s. 26.

Read the contents: The Money-Lenders Act, 1940 (Bengal Act)