{"schemaVersion":1,"recordType":"legal-article","id":"law:eri:code:civil:2015:article:2626","workId":"law:eri:code:civil:2015","expressionId":"law:eri:code:civil:2015:en","title":"Usurious Rate of Arrears","number":"2626","language":"en","canonicalUrl":"https://eriatlas.com/law/civil-code-2015/article/2626/","hierarchy":{"book":"BOOK VI - SPECIAL CONTRACTS","title":"TITLE V- ALEATORY CONTRACTS","chapter":"Chapter 1. - Annuities","section":"Section 2. - Annuity for Life or Fixed Term","paragraph":null},"paragraphs":[{"id":"p1","number":"1","text":"If the life annuity is set up in exchange for payment of a capital sum, the arrears due by the debtor shall not exceed twenty per cent of this capital.","canonicalUrl":"https://eriatlas.com/law/civil-code-2015/article/2626/#p1","sourceTargets":[{"sourceId":"civil-code-2015-en","pdfPage":724,"url":"https://eriatlas.com/sources/civil-code-2015/page/724/?article=2626&paragraph=p1#article-2626-p1"}]},{"id":"p2","number":"2","text":"They shall be at the rate of twelve per cent if a higher rate has not been fixed in writing or a rate exceeding twenty per cent has been fixed.","canonicalUrl":"https://eriatlas.com/law/civil-code-2015/article/2626/#p2","sourceTargets":[{"sourceId":"civil-code-2015-en","pdfPage":724,"url":"https://eriatlas.com/sources/civil-code-2015/page/724/?article=2626&paragraph=p2#article-2626-p2"}]}],"caution":"This is the 2015 English-language edition attributed in its front matter to the Ministry of Justice. Eri Atlas has not independently verified the translation, later changes, or whether the text is currently in force. Nine passages are incomplete in the available scan and are identified where they occur."}