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S04371 Summary:
BILL NO | S04371 |
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SAME AS | SAME AS A06475 |
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SPONSOR | PARKER |
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COSPNSR | |
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MLTSPNSR | |
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Amd §9-t, Bank L | |
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Requires lending institutions that send unsolicited mail-loan checks to clearly state in solicitation letter the interest rate to be applied to such loan and to demonstrate the total cost of loan in a dollar amount, at interest rate, over periods of six months, one year, and three years. |