The Credit Unions (Maximum Interest Rate on Loans) Order 2013
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.
Lifecycle
Department
Made
08 Oct 2013
—
In force
01 Apr 2014
Enabling power
The Treasury, in exercise of the powers conferred by section 11(5) and (7) of the Credit Unions Act 1979, make the following Order:
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