{"schemaVersion":1,"recordType":"legal-article","id":"law:eri:code:civil:2015:article:1938","workId":"law:eri:code:civil:2015","expressionId":"law:eri:code:civil:2015:en","title":"2. Rate of Interest","number":"1938","language":"en","canonicalUrl":"https://eriatlas.com/law/civil-code-2015/article/1938/","hierarchy":{"book":"BOOK VI - SPECIAL CONTRACTS","title":"TITLE I - CONTRACTS RELATING TO THE TRANSFER OF OWNERSHIP AND OTHER RIGHTS","chapter":"Chapter 3. - Loan of Money and Other Fungible Things","section":null,"paragraph":null},"paragraphs":[{"id":"p1","number":"1","text":"Unless otherwise authorized by law, the parties may not stipulate a rate of interest exceeding the bank interest.","canonicalUrl":"https://eriatlas.com/law/civil-code-2015/article/1938/#p1","sourceTargets":[{"sourceId":"civil-code-2015-en","pdfPage":543,"url":"https://eriatlas.com/sources/civil-code-2015/page/543/?article=1938&paragraph=p1#article-1938-p1"}]},{"id":"p2","number":"2","text":"The borrower shall owe interest at the rate of the bank interest if a rate exceeding the bank interest has been stipulated.","canonicalUrl":"https://eriatlas.com/law/civil-code-2015/article/1938/#p2","sourceTargets":[{"sourceId":"civil-code-2015-en","pdfPage":543,"url":"https://eriatlas.com/sources/civil-code-2015/page/543/?article=1938&paragraph=p2#article-1938-p2"}]},{"id":"p3","number":"3","text":"If it has been agreed that the loan will bear interest but a higher rate has not been fixed in writing, the borrower shall owe the bank interest.","canonicalUrl":"https://eriatlas.com/law/civil-code-2015/article/1938/#p3","sourceTargets":[{"sourceId":"civil-code-2015-en","pdfPage":543,"url":"https://eriatlas.com/sources/civil-code-2015/page/543/?article=1938&paragraph=p3#article-1938-p3"}]}],"caution":"This is the 2015 English-language edition attributed in its front matter to the Ministry of Justice. Eri Atlas has not independently verified the translation, later changes, or whether the text is currently in force. Nine passages are incomplete in the available scan and are identified where they occur."}