These documents are not legal documents but are placed here for reference purposes only.
For a legal copy please contact the department.
Loans vs. Commitments
Sections:
This bulletin establishes that the legal ceiling for interest rates is the legal interest rate limit on the date the loan closes notwithstanding any verbal or written commitment to lend at a higher rate.
| Attachment | Size |
|---|---|
 BUL-B-7.pdf | 44.93 KB |
Type:
Bulletin
Effective Date:
Friday, August 17, 1979
Name:
Banking Bulletin #7