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

7. Recovery of an amount overpaid in connection with a money lending transaction or a credit transaction

 

 

Any borrower or credit receiver or lessee who in connection with a money lending transaction or a credit transaction or a leasing transaction has paid an amount which exceeds the amount which in terms of this Act could lawfully have been recovered from him in connection with such transaction, may, at any time within a period of three years as from the date of such payment, recover from the person to whom he made the payment, a sum equal to the amount overpaid by him.