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(iii) A covered short-term is the third loan in the sequence if the consumer has a currently outstanding covered short-term loan that is the second loan in the sequence, or if the consummation date of the third loan is within 30 days following the last day on which the consumer's second loan in the sequence was outstanding; and
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CRBs are then able to include that information on the individual
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Under this alternative approach, lenders would furnish information about covered loans to only one of the entities registered with the Bureau, but would be required to obtain a consumer report from each such entity, 1 hour payday loans no credit check in 07005.
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- Please check the loan agreement from your lender for specifics on this, as each loan may vary.
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