4596

Any person who repays or returns any money, goods or other things taken, accepted or received in violation of sections 4591-4599 of this title, or by a written instrument delivered to the other party of the contract before the commencement of a proceeding to enjoin the enforcement of the contract, or before the defense of usury is interposed by the borrower in an action on the contract, effectually relinquishes the right to any interest or discount or value reserved in violation of these sections, shall be relieved from further forfeiture, penalty or punishment, and the contract from the date of the repayment, return or written relinquishment shall be valid and effectual.\nHistory —Civil Code, 1930, § 1654.