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Constitutional Amendment U

  • Aired: 09/28/2016
  • 04:17
  • Rating: NR
Constitutional Amendment U is a ballot question that will set statutory interest rates for loans. Under the Amendment if passed there will be no limit on the amount of interest a lender may charge for a loan of money if the interest rate is agreed to in writing by the barrow. If no written agreement is decided upon the lender may not charge more than 18% interest per year.
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Constitutional Amendment U
Constitutional Amendment U
Voters will decide whether or not to set statutory interest rates for loans.
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