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The Credit Unions (Maximum Interest Rate on Loans) Order 2013

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This is the original version (as it was originally made). This item of legislation is currently only available in its original format.

EXPLANATORY NOTE

(This note is not part of the Order)

This Order increases the limit on the interest which a credit union may charge on loans made by it under the Credit Unions Act 1979 (c.34) from 2% to 3% per month.

An impact assessment has not been produced for this instrument as no impact on the costs of business or the voluntary sector is foreseen.

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