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Ohio FHA VA loan usury bill in danger in Senate
Ohio Senate committee may kill a House passed bill that would exempt FHA and VA loans from the 8 percent usury limit. Supporters warn it could die with the May adjournment as rates look to fall and Republicans resist rate increases in an election year. If amended to include conventional loans, the bill might pass later, but a stalled panel and late session timing reduce chances.
MENTIONED IN THIS ARTICLE
Columbus
UPI
Senate
House
Senate Agriculture and State Agencies Committee
Tennyson Guyer
R Findlay