Web(1) To extend credit means to make or renew any loan, or to enter into any agreement, tacit or express, whereby the repayment or satisfaction of any debt or claim, whether acknowledged or disputed, valid or invalid, and however arising, may or will be deferred. WebAccording to 18 USCS § 891 [title 18. Crimes and criminal procedure; part I. Crimes; Chapter 42. Extortionate Credit Transactions], an extortionate means is “any means which involves the use, or an express or implicit threat of use, of violence or other criminal means to cause harm to the person, reputation, or property of any person.”
Consumer Credit Act 1974 - Legislation.gov.uk
WebExtortionate credit transactions S244(2): Liquidator or administrator may apply to reopen credit transactions made within 3 years from when company went into liquidation Can only apply if credit transaction was extortionate. s244(3): payment is ‘grossly exorbitant’ or … WebExtortionate Credit Transactions – Section 244. Where a debtor company is or has been a party to a transaction which involved the provision of credit, and it is clear that the … shower curtain with angel design
18 U.S. Code Chapter 42 - EXTORTIONATE CREDIT …
WebGo to previous versions of this Chapter 2024 Connecticut General Statutes Title 53 - Crimes Chapter 949a - Extortionate Credit Transactions Section 53-389. - Definitions. Section 53-390. - Extortionate extension of credit. Conspiracy. Section 53-391. - Advances of money or property to be used in extortionate extension of credit. Section 53-392. WebFeb 2, 2024 · (1) Where the corporate debtor has been a party to an extortionate credit transaction involving the receipt of financial or operational debt during the period within two years preceding the insolvency commencement date, the liquidator or the resolution professional as the case may be, may make an application for avoidance of such … Webof such commerce. Even where extortionate credit transactions are purely intrastate in character, they nevertheless directly affect interstate and foreign commerce. ‘‘(4) Extortionate credit transactions directly im-pair the effectiveness and frustrate the purposes of the laws enacted by the Congress on the subject of bankruptcies. shower curtain with beach buggies