Sec. 36a-685. (Formerly Sec. 36-415). Unenforceable agreements.
Sec. 36a-685. (Formerly Sec. 36-415). Unenforceable agreements. (a) If it is the
understanding of the creditor and the debtor at the time an extension of credit is made
that delay in making repayment or failure to make repayment could result in the use of
violence or other criminal means to cause harm to the person, reputation or property of
any person, the repayment of the extension of credit is unenforceable through civil
judicial processes against the debtor.
(b) Proof that an extension of credit was made at an annual rate exceeding forty-five per cent calculated according to the actuarial method, and that the creditor then had
a reputation for the use or threat of use of violence or other criminal means to cause
harm to the person, reputation or property of any person to collect extensions of credit
or to punish the nonrepayment thereof, is prima facie evidence that the extension of
credit was unenforceable under subsection (a) of this section.
(1969, P.A. 454, S. 23; P.A. 05-288, S. 209.)
History: Sec. 36-415 transferred to Sec. 36a-685 in 1995; P.A. 05-288 made a technical change in Subsec. (b), effective
July 13, 2005.