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Should the State Corporation Commission reduce, the maximum rates which may be charged by lenders under the Virginia Consumer Finance Act?
The SCC will consider the question, and has scheduled a public hearing for 10 a.m. Arpil 24 in the SCC Courtroom.
March 13 is the deadline for persons wishing to present evidence at the hearing to file a notice of intent with the SCC Clerk.
In ordering notice to the public of the intention to redetermine the rates and ceilings permitted consumer finance companies, the Commission said the SCC Bureau of Financial Institutions has recommended a rate reduction. An upward adjustment for inflation is recommended by the Bureau in the maxi
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