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09-13-2018, 07:33 PM #11
- Join Date
- Oct 2016
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- 4,318
If "they" wanted contracts to state "APR", the legislation would have made reference to "APR". It does not. The language is quite clear. And by citing the annualized cost of capital in a contract, you are NOT somehow negating all the language of the sale of future receivables, and turning it into a loan. Period.
Its as if you make the argument that apples really are oranges, because both are fruit.
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