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Similar to the concept explained in proposed comment 14(a)(i)-1, proposed comment 14(a)(ii)-1 explains that a signature check is sent out of the lender's control and that the check thus is processed at the time that the lender or its agent sends the check to be processed by a third party, such as the lender's bank.
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“Nominated Account” means the account nominated by you for the purpose of the Direct Debit Authority;
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(c) Presumption of unaffordability for a covered longer-term loan during an unaffordable outstanding loan— Presumption, top online payday loans in 61554.
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- I was never late and always paid on time.
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