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how_ppp_loans_eluded_small_businesses_of_shade [2022/03/08 00:40]
kathirankin13 created |
how_ppp_loans_eluded_small_businesses_of_shade [2022/03/11 12:38] (τρέχουσα)
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| No change in the place of work of a licensee to a location outside the original municipal company shall be permitted under the same license. When a licensee wishes to vary the licensee's place of work within the similar municipal corporation, the licensee shall give written notice thereof in advance to the division which shall present a license for the model new tackle, without price. "Interest-bearing loan" means a loan during which the debt is expressed as the principal amount and curiosity is computed, charged, and collected on unpaid principal balances outstanding from time to time. "Principal quantity" means the amount of cash paid to, or paid or payable for the account of, the borrower. | No person shall make, offer, or broker a loan, or assist a borrower to obtain a loan, through the telephone or mail. Any contract of loan within the making or collection of which an act is completed by the lender that violates this part is void and the lender has no right to collect, receive, or retain any principal, interest, or charges. "Actuarial technique" means the tactic of allocating payments made on a loan between the principal amount and curiosity whereby a payment is utilized first to the accrued curiosity and the rest to the unpaid principal quantity. "Precomputed loan" means a loan during which the debt is a sum comprising the principal quantity and the quantity of curiosity computed prematurely on the assumption that every one scheduled funds shall be made when due. Incomplete applications might be ineligible for loan funding for the applicable fiscal year. |
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