¶1The only question in this case is, can cue who has voluntarily paid a rate of interest greater than that which the statute enables parties to stipulate for, recover bach the excess ?
¶2The statute (Gen. St. ch. 10, § 1,) provides that “no •contract for a greater rate of interest than twelve dollars upon one hundred dollars for a year shall be valid for the -excess of interest over twelve per cent.,” but it lays no penalty for mahing such a contract. Its intention is effected by preventing a recovery of the excess. There is no obli*342gat ion upon the debtor to pay such excess; but if he voluntarily pajTs it, such payment will stand as any other payment which one, without any obligation to do so, but with full knowledge of the facts, chooses to make.
¶3In some of the states a recovery of excessive interest, voluntarily paid, is justified on grounds of public policy. The public policy indicated by our statute will prevent a recovery by the creditor of the excess stipulated for, but it does not require that the debtor shall be disabled to pay such excess, or to give away his money, if he chooses to make that use of it.
¶4()rder affirmed.