Book1 Division07 Title08 Chapter02 Part02
From Thai Codification Draft of 1919
DRAFT: CIVIL AND COMMERCIAL CODE FOR KINGDOM OF SIAM.
- The today existing (probably) only copy of its publication is in possession of the main library of Bangkok University. The detailed information and images of the original sources are available on the Centennial Website.
- The detailed information about the genealogical relations between the Draft 1919, Codes of 1923, Codes of 1925, and Code of 1992 is available at the "French Advisers' Heritage".
BOOK ON OBLIGATIONS.
DIVISION VII. SPECIFIC CONTRACTS.
TITLE VIII. Loan.
Chapter II. Loan for Consumption.
Part II. Special rules for loan of money.
Section 653.
- No loan of money for a sum exceeding two hundred baht in capital may be proved unless there be some written evidence signed by the borrower.
《Genealogies》
Section 654.
- Interest shall not exceed 15% per year; when a higher rate of interest is fixed by the contract, it shall be reduced to 15% per year.
《Genealogies》
Section 655.
- Interest shall not bear interest. But the parties to a loan of money may, at the end of each succeeding year, agree that the interest due shall be added to the capital, and that the whole shall bear interest, provided that any such agreement be made in writing.
《Genealogies》
Section 656.
- If a contract of loan of money is made and the borrower, instead of money, accepts goods or negotiable instruments, the amount of the loan shall be taken as the actual value of the goods or negotiable instruments at the time of delivery.
《Genealogies》
