Emergency Banking Affairs Act, 655: Difference between revisions
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Emergency Banking Affairs Act, 655 (view source)
Revision as of 02:57, 5 August 2023
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(Created page with "''In order to inspire spending and keep the economy mobile while also mitigating the worst effects of the present economic plights the people and businesses of the Republic of Kodiak are facing; the following emergency measures are to be made towards the domestic banking sector, until the monetary situation in the country has been sufficiently stabilized.'' ''ACTIONED on ## month ####, ## Aye, ## Nay, ## Abstain.'' ==Article One - Interest Rates== 1.1 The interest of pe...") |
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''ACTIONED on ## month ####, ## Aye, ## Nay, ## Abstain.''
==Article One - Interest Rates==
1.1 The interest of personal loans valued up to 50,000 Florins, that went into effect prior to
1.2 The interest of business loans valued up to 100,000 Florins, that went into effect prior to
1.3 The interest of loans valued up to 50,000 Florins, legally formed subsequently to
1.4 The interest of business loans valued up to 100,000 Florins, legally formed subsequently to
==Article Two - Loan Availability==
2.1 By the directive of the Assembly, the
2.2 Contracts for loans taken out subsequently to
2.3. Banks cannot demand any form of seizure or other unwarranted influence onto the principal borrower within the contract, unless in a situation where they fail to meet their binding obligations.
==Article Three - State of National Banks==
3.1. The State will guarantee that the share prices of banks affected by the Emergency Banking Affairs Act does not go lower than 25 Florins per-share while it is in effect, artificially making up the difference
''Tabled by [[Alexander Dvorak|Anthony Dvorak]], Independent''
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