Recovery of premiums and loans unlawfully required or receivedN.I.
52.—(1) Where under any agreement (whether made before or after the commencement of this Order)—
(a)any premium is paid after that commencement; and
(b)the whole or any part of that premium could not lawfully be required or received under the preceding provisions of this Part,
the amount of the premium or, as the case may be, so much of it as could not lawfully be required or received, shall be recoverable by the person by whom it was paid.
(2) Nothing in Article 49 or 51 shall invalidate any agreement for the making of a loan or any security issued in pursuance of such an agreement but, notwithstanding anything in the agreement for the loan, any sum lent in circumstances involving a contravention of either of those Articles shall be repayable to the lender on demand.