West Virginia SB702 sets a new maximum annual interest rate for regulated consumer lenders on certain loans.
West Virginia SB702 amends the Code of West Virginia to set a new maximum annual interest rate for regulated consumer lenders on loans up to $35,000. The bill also removes a cap on nonrevolving loans when determining a finance charge. This change affects regulated consumer lenders and consumers who take out loans from these lenders.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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