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Virginia seeks higher interest rate limit for loans
Richmond sources report the Virginia commission will urge raising the legal cap from 6 to as much as 11.9 percent for mortgage and installment loans. Gov. Godwin may call a special session if lawmakers approve in advance, as industry leaders tour the state to build support.
MENTIONED IN THIS ARTICLE
Richmond
Commission
Savings and Loan Associations
Virginia Savings and Loan League
Virginia
Old Dominion
Gov. Godwin
General Assembly
Assembly