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QUESTIONS: 1. Are the provisions of Ch. 687, F. S. (interest and usury), preempted by the provisions of Pub.L. 93-501 (12 U.S.C. ss. 85 and 1831A) which pertain to interest rates that may be charged by state or national banks on certain types of loans in the amount of $25,000 or more? 2. What is the effect, if any, of Pub.L. 93-501 (12 U.S.C. § 1730E) on the interest rates that may be charged by state or federal savings and loan associations on business or agricultural loans of $25,000 or more?

SUMMARY: Public Law 93-501 (12 U.S.C. ss. 85 and 1831A) authorizes federally insured state banks and…