Present guidelines provide for a wide selection of financing.

Present guidelines provide for a wide selection of financing.

ONE OF SEVERAL PROVISIONS that are KEY the Fairness in Lending Act is the fact that it generates a limit how much these firms may charge in interest and costs — a maximum of 50 %. This will be made to avoid these firms from bilking customers into shelling out far more money than they borrowed when you look at the place that is first a key function of this industry that helped make the title “predatory.”
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