2006 No. 1276

INDUSTRIAL AND PROVIDENT SOCIETIES

The Credit Unions (Maximum Interest Rate on Loans) Order 2006

Made

10th May 2006

Laid before Parliament

10th May 2006

Coming into force

1st June 2006

The Treasury, in exercise of the powers conferred by section 11(7) of the Credit Unions Act 1979( 1 ), make the following Order:

Citation and commencement

1. This Order may be cited as the Credit Unions (Maximum Interest Rate on Loans) Order 2006 and comes into force on 1st June 2006.

Maximum interest rate

2. The rate specified for the purposes of section 11(5) of the Credit Unions Act 1979 is two per cent per month.

Gordon Brown

Dave Watts

Two of the Lords Commissioners of Her Majesty’s Treasury

10th May 2006

( 1 )

1979 c. 34 ; section 11(7) was amended by S.I.2001/2617 .

1. Citation and commencement

2. Maximum interest rate

Status: This is the original version (as it was originally made). This item of legislation is currently only available in its original format.

The Credit Unions (Maximum Interest Rate on Loans) Order 2006 (2006/1276)

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