In 2004, lawmakers passed a legislation that restricted interest that is accruing vehicle name loans.

In 2004, lawmakers passed a legislation that restricted interest that is accruing vehicle name loans. in addition developed a loophole: just restricting the legislation of automobile name loans paid back in less than 120 times. Grube-Lybarker stated some organizations made a decision to make loan repayments at 121 times in reaction. There are not any caps on automobile name loans …

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