{
  "url": "https://openlegislation.uk/credit-unions-maximum-interest-rate-on-loans-order-2006/note",
  "json_url": "https://openlegislation.uk/credit-unions-maximum-interest-rate-on-loans-order-2006/note.json",
  "legislation": "uksi/2006/1276",
  "legislation_title": "The Credit Unions (Maximum Interest Rate on Loans) Order 2006",
  "legislation_url": "https://openlegislation.uk/credit-unions-maximum-interest-rate-on-loans-order-2006",
  "path": "note",
  "kind": "note",
  "number": null,
  "heading": "Explanatory note",
  "text": "(This note is not part of the Order)\nThis Order increases the limit on the interest which a credit union may charge on loans made by it. The maximum rate of interest is increased from 1% to 2% per month.\nA full regulatory impact assessment of the effect that this instrument will have on the costs of business is available from the Payments and Inclusion Team, HM Treasury, 1 Horse Guards Road, London SW1A 2HQ or at www.hm-treasury.gov.uk. Copies have been placed in the libraries of both Houses of Parliament.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2006/1276/note",
    "retrieved_at": "2026-10-29T04:29:09.545185+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}