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Virginia House of Delegates passes bill to establish 36% price limit for “short-term” as well as other loans

Virginia House of Delegates passes bill to establish 36% price limit for “short-term” as well as other loans On 31, 2020, by a vote of 65 to 33, the Virginia House of Delegates passed a bill that would establish a 36% rate cap on certain consumer loans january. The Senate is expected to also pass the bill since democrats also hold a majority in the Virginia Senate. The bill amends Virginia’s basic usury legislation and […]

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