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Are licensees required to inform customers about eligibility of a repayment plan?

April 26, 2017customers eligibility inform licensees Plan repayment

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Are licensees required to inform customers about eligibility of a repayment plan?

1 Answer

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Yes, licensees are to notify customers that a repayment option is available if the customer is entering into his/her eighth deferred presentment service transaction within any 12-month period.