Usury Act, 1968 (Act No. 73 of 1968)

The provisions of this Act shall not be construed as conferring authority to stipulate for, demand or receive finance charges or interest at a rate exceeding the rate that may be recovered in any case where by law the rate is fixed at less than the rate allowed by this Act, and shall not derogate from any power or jurisdiction which any court may have to refuse an order for the payment of finance charges or interest or to reduce the rate of finance charges or interest so claimed in any proceedings for the recovery of finance charges or interest even when such rate is less than the relevant rate set forth in section 2 of this Act.