Payday Loan function; demands SCC to get with several people to cultivate, etc. database. (HB12)

Introduced By

Del. Glenn und auch (R-Newport info) with help from 13 copatrons, whose regular partisan position is:

Story

Payday loaning rates. Establishes a max yearly rate of interest for cash loans of 36 percent. Mention inside the pay day loan Act towards charge that could be charged on these loans include modified to mention into attention which can be billed. Check The Charges »

Status

03/12/2008: Passed Away the typical Assembly

Duplicate Statements

Listed here expenses is just like this 1: SB24 and SB670.

Opinions

36% must be the interests cover for payday lenders in Virginia. Delegate oder aber’s costs draws a series during the sand for all people compelling usa to inquire about what is a fair monthly interest rate. Continue reading

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