47-18-2401 - Notice requirements for unsolicited loans.
47-18-2401. Notice requirements for unsolicited loans.
Unless otherwise agreed, where unsolicited mail that resembles a check is, upon endorsement by the payee, a loan, the payee is under no duty to repay such loan unless such unsolicited mail has upon its face in boldface letters at least one-half inch (½²) in height the following:
THIS IS A LOAN.
[Acts 1999, ch. 395, § 2.]