Opinion No. 68-219 (1968) Ag

School Land Department — Loans — Interest Rates 64 O.S. 51 [64-51] — 64 O.S. 52 [64-52] (1968), will not become effective until 90 days after the adjournment of the Legislature. The Attorney General is in receipt of your letter of May 31, 1968, wherein you request the opinion of the Attorney General as to the lawful rate or rates of interest applicable to three categories of loans now pending within the School Land Department. The pending loan applications fall into three: A. Applications received prior to May 7, 1968. B. Applications received on May 7, 1968, and C. Applications received…