5-517 - Transfer of cause of action for usury.

§ 5-517. Transfer  of  cause of action for usury. A cause of action to  cancel, or otherwise affect, an instrument executed, or an act done,  as  security  for  a usurious loan or forbearance, can be transferred, where  the instrument or act creates a specific charge upon property, which  is  also  transferred  in  disaffirmance thereof, and not otherwise; but, in  that case, the transferee does not succeed to the  right,  conferred  by  statute  upon  the  borrower,  to  procure  relief,  without  paying, or  offering to pay, any part of the sum or thing loaned.