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Virginia regulations · Through 2026 Regular Session (effective July 1, 2026)

8VAC20-100-140: Determination of interest rate

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Where this section sits in the code
  1. Title 8. Education
  2. Agency 20. State Board of Education
  3. Chapter 100. Regulations Governing Literary Loan Applications in Virginia
  4. Part VI. Interest Rates

The interest rate for a loan generally shall be determined on the basis of a composite index of the applying school division as follows:

Per Annum Interest Rate

Step 1.

Composite Index between .2 and .2999

2.0%

Step 2.

Composite Index between .3 and .3999

3.0%

Step 3.

Composite Index between .4 and .4999

4.0%

Step 4.

Composite Index between .5 and .5999

5.0%

Step 5.

Composite Index between .6 and .8000

6.0%

Collected 2026-09-14T04:47:33Z. Source file · JSON

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