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06-02-2016, 10:10 AM #1
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"Under the full-payment test, it would also be more difficult to push borrowers into loans that would almost necessarily have to be rolled into a reborrowing situation. This part of the proposal also caps the number of short-term loans that can be made in quick succession."
Pretty much how most lenders and ISOs cover the huge acquisition cost, so without, or severely limiting the number of, renewals - some people will be taking a bow and exiting, should this be extended to MCA.
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