state program

State News
4:20 pm
Fri April 26, 2013

State program helps flood victims

Dan Rutherford

Flood victims who need extra financial help can use a state program to secure a better interest rate. In the Disaster Recovery Linked Deposit program, Illinois deposits money when a local bank approves a flood-related loan. The individual is then charged a lower, state interest rate and the bank gets to keep its charges and fees. State Treasurer Dan Rutherford says it can help individuals while they're waiting to settle insurance claims. 

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