Garvin Links Home Loan Rates to Competition Over Usury Ceiling
Lonnie A. Garvin Sr. of Southern Mortgage says competition in the public market fixes loan rates rather than the state legislature. He notes the usury ceiling, likely raised to about 10 percent, governs only the ceiling, not actual rates. He cites federal deposit rates, bank funding, and interstate money flows as factors shaping rates, and urges legislative consultation on the ceiling. Hastings Wyman adds that government cycles influence rate levels. Maryland raised the usury ceiling to 10 percent. Pennsylvania caps rates above $35,000 differently.
MENTIONED IN THIS ARTICLE
Lonnie A. Garvin Sr
Southern Mortgage Co
Garvin
New York
Hastings Wyman
Wyman Realty Co
Aiken Rescue Squad Receives High Praise for Clark Hill Recovery
The Aiken County Rescue Squad earned a letter of appreciation from Major General R L McCrady for their response during the July 30 Clark Hill helicopter crash recovery. The letter lauded their unselfish, professional service during long hours of operation, with Sgt. G Morrison Myrick's body recovered.
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Aiken County
Clark Hill
R.L. MccCrady
South Carolina Army Reserve National Guard
Office of the Adjutant General
McCrady
Thurmond urges Nixon to turn over Watergate tapes
U S Senator Strom Thurmond says Nixon should hand over information from White House tapes related to Watergate to Chief Judge Sirica, while not releasing the tapes themselves. He calls it politically wise but potentially unwise long term, and says the Supreme Court will decide.
MENTIONED IN THIS ARTICLE
Thurmond
Nixon
Sirica
Boy Scouts to Kick Off Fall Roundup in Georgia Carolina
The Georgia Carolina Council Boy Scouts of America begins its Fall New Boy Roundup tomorrow and runs through December 17. The theme is Open the Door for Thousands More, aiming to recruit boys into existing units and invite new sponsors to join the Scouting Family.
MENTIONED IN THIS ARTICLE
Georgia - Carolina Council
Boy Scouts of America
Georgia- Carolina Council
Order Of Arrow Conference Ends In California
At the University of California in Santa Barbara the National Order of the Arrow Conference of the Boy Scouts of America concluded with a closing show. Urner Goodman, founder in 1915 and guest, challenged the 82 year old to ready troops for the 1976 Bicentennial celebration.
MENTIONED IN THIS ARTICLE
Santa Barbara
Calif
Order of the Arrow
Boy Scouts of America
University of California
University Stadium
Urner Goodman
Goodman
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