Virginia Administrative Code
Title 10 - FINANCE AND FINANCIAL INSTITUTIONS
Agency 5 - STATE CORPORATION COMMISSION
Chapter 20 - BANKING AND SAVINGS INSTITUTIONS
Section 10VAC5-20-10 - Interest rate for state-chartered banks
Universal Citation: 0 VA Admin Code 5-20-10
Current through Register Vol. 41, No. 3, September 23, 2024
State-chartered banks in Virginia may take, receive, reserve and charge on any loan or discount made at a rate of 1.0% above the discount rate on 90 day commercial paper now and hereafter in effect at the Federal Reserve Bank for the Fifth Federal Reserve District, and they hereby are so empowered.
Statutory Authority
§ 6.2-310 of the Code of Virginia.
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