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Car title loan legislation now limits interest rates (access required)

By Virginia Lawyers Weekly
Published: October 4, 2010

The days of unchecked interest rates on never-ending car title loans are coming to an end in Virginia. A new law took effect Oct. 1 that for the first time will regulate the lenders, limiting how much they can charge and lend, and for how long. Borrowers still could lose their vehicles if they fall behind ...
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