Major Codes1 min read
Article 1959Simple Loan or Mutuum
Personal notes Saved on this device
0 / 5,000 charactersReport page issue
Answer First
Primary Text
Without prejudice to the provisions of article
2212, interest due and unpaid shall not earn interest.
However, the contracting parties may by stipulation
capitalize the interest due and unpaid, which as added
principal, shall earn new interest. (n)
Use With Care
Definitions and exceptions often appear before or after this text.
Court decisions may interpret, limit, or apply this provision.
Confirm amendment, repeal, effectivity, and official publication.
Plain Language