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A licensee who operates a deferred deposit loan services shall not come up with a deferred deposit loan that, in combination with every other remarkable loan of The shopper, exceeds twenty five% of your predicted gross month-to-month income of the customer once the deferred deposit loan is manufactured.
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A licensee could cost both of those of the next as part of the company price, as relevant: (a) An volume that doesn't exceed the combination of the next, as applicable: (
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For purposes of this subsection, the time period “consecutive times” indicates a series of continuous calendar times through which The patron has An excellent balance on a number of payday loans; having said that, if a payday loan is designed to some purchaser within six times or significantly less once the fantastic balance of all loans is compensated in entire, Those people days are counted as payday loans eloanwarehouse “consecutive times” for reasons of this subsection.