Section 12-112 - Usury not available against bona fide assignee.
§ 12-112. Usury not available against bona fide assignee.
A claim or plea of usury is not available against a legal or equitable assignee, endorsee, or transferee of any bond, draft, mortgage, deed of trust, security agreement, promissory note, or other instrument or evidence of indebtedness, if he receives it for a bona fide and legal consideration without notice of any usury in its creation or subsequent assignment.
[An. Code 1957, art. 49, § 9; 1975, ch. 49, § 3.]