Code law prohibits the receipt and payment of interest on loans.

Name: Code law prohibits the receipt and payment of interest on loans.
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Quizplus · Accepted Answer

Code law, or codified law, does not inherently prohibit the receipt and payment of interest on loans. The regulation of interest rates, including prohibitions or limitations, varies by jurisdiction and is determined by specific laws or regulations within those jurisdictions, not by the nature of being codified law itself.

Code Law Prohibits the Receipt and Payment of Interest on Loans