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D.C. Code § 31-4707

Ascertainment of loan indebtedness

June 19, 1934, 48 Stat. 1164, ch. 672, ch

In ascertaining the indebtedness due upon policy or premium loans the interest, if not paid when due, shall be added to the principal of such loans and shall bear interest at the rate specified in the note or loan agreement.

Official source: D.C. Law Library (Council of the District of Columbia). Reproduced from public-domain District of Columbia statutes; confirm against the official source for the current text. Not legal advice.