Civil Code · English · 2015
Article 2626
Usurious Rate of Arrears
(1)
If the life annuity is set up in exchange for payment of a capital sum, the arrears due by the debtor shall not exceed twenty per cent of this capital.
#(2)
They shall be at the rate of twelve per cent if a higher rate has not been fixed in writing or a rate exceeding twenty per cent has been fixed.
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