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Set a Maximum limit for all loan APR of 75%

Submitted on Saturday 17th August 2013

Published on Wednesday 28th August 2013

Current status: Closed

Closed: Thursday 28th August 2014

Signatures: 5

Tagged with

Law

Petition Action

Set a Maximum limit for all loan APR of 75%

Additional Information

The instigation of a new financial law limiting the maximum loan APR to 75% for all financial loans.

This new law would protect the vulnerable from excessive APR practices of some existing loan companies and prevent the creations of loans above the threshold in the future.


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