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Lower Interest Rates

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Beginning next year, West Virginians will pay less in interest on court judgments under a new law signed by Governor Justice.

The measure, approved by the house and senate, will set the rate at 2 percent above an annually set federal reserve rate, down from 3 percent.
It lowers the range of possible rates to a minimum of 4 percent and maximum of 9 percent – down from 7 and 11 percent.

The calculation is based on the fifth federal reserve district secondary discount rate.

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Rachel Ayers

Rachel Ayers started as a multi-media journalist at WOAY in October of 2015. She then moved to evening anchor in September of 2016. Read More