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Is a licensee required to pay the proceeds of a deferred presentment transaction to a consumer by check, by money order, or in cash, as requested by the consumer?

April 26, 2017consumer Deferred Licensee money pay Presentment proceeds transaction

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Is a licensee required to pay the proceeds of a deferred presentment transaction to a consumer by check, by money order, or in cash, as requested by the consumer?

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The act requires a licensee to pay the proceeds of a deferred presentment transaction to a consumer by check, by money order, or in cash, as requested by the consumer.