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mum loan amount, which currently is $2,800.
The maximum and current rates were set by SCC order November 23,1982. Lenders may charge three percent per month on principal balance not exceeding $600, two and one-quarter percent monthly above $600 not exceeding $1,800 and one and a half percent monthly above $1,800 up to the $2,800 maximum.
Written comments on the matter may be sent to the SCC Bureau of Financial Institutions,* Nicholas C. Kyrus, Deputy Commissioner for Research and Structure, Suite 1600, 701 East Byrd Street, P.O. Box 2AE, Richmond, VA 23205.
Tax Booklets
delayed
Virginia Tax Commissioner William H. Forst announced today that the mailing of Withholding Tax Booklets to employers required to file a Virginia monthly return has been delayed by the state’s vendor.
Approximately 49,000 monthly withholding tax filers were originally scheduled to receive a 12month supply of returns in a coupon booklet the first week in February. Due to serious problems being experienced by the vendor, Cummins-Allison Corporation of Indiana, the booklets will be mailed late.
Employers filing monthly Virginia withholding returns will receive their coupon booklets beginning the week of February 11, 1986, but no later than February 19, 1986. The employer’s January report filing date is February 20,1986. Employers are asked to wa^t until after February 20,1986, before calling the Department of Taxation about the coupon booklets since all booklets should be received by February 19th.
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