Text of the provision
Art. 1957. Contracts and stipulations, under any cloak or device whatever, intended to circumvent the laws against usury shall be void. The borrower may recover in accordance with the laws on usury.
(n)
Civil Code of the Philippines, Republic Act No. 386, approved June 18, 1949, effective August 30, 1950. Reproduced in full; verified verbatim against the LawPhil and ChanRobles official-text renderings.
What this article means
Contracts intended to circumvent the usury laws, under any device, are void, and the borrower may recover under the usury laws.
Related provisions
- Article 1956 — Interest Must Be Stipulated in Writing.
- Article 1958 — Interest Payable in Kind.
Cases citing this article
- Spouses David B. Carpo, et al. vs. Eleanor Chua, et al, G.R. No. 150773, September 30, 2005 — read the decision on LawPhil →
- First Metro Investment Corporation vs. Este del Sol Mountain Reserve, Inc., et al, G.R. No. 141811, November 15, 2001 — read the decision on LawPhil →
- Investors Finance Corporation vs. Autoworld Sales Corporation, G.R. No. 128990, September 21, 2000 — read the decision on LawPhil →
Compiled automatically from Supreme Court decisions published on LawPhil that expressly cite this article, most frequently cited first. A listing means the decision cites the provision — it is not a statement that the case is the leading authority, and it does not show whether a ruling has since been modified or abandoned. Always read the decision itself.