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In the event the lender is permitted under State law to make rollovers, the lender may, in a manner otherwise consistent with applicable State law, roll over a covered short-term loan made under § 1041, top online payday loans in Texas.
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For these reasons, the Bureau preliminarily believes that consumers who take out covered longer-term loans do not understand the high risk that the loan will prove unaffordable, and thus, the risk that they are exposing themselves to collateral consequences of delinquency and default, such as the relatively high likelihood of vehicle repossession.
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