Without a doubt about 1st pay day loan

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Without a doubt about 1st pay day loan

Nancy Edmonds Hanson

Payday loan providers, who provide little short-term loans at high interest rates, may need to conform to a brand new degree of regulation to work into the town of Moorhead. The town council authorized the reading that is first of a ordinance prompted by council user Heidi Durand to create a roof of four regarding the small commercial lending companies and need licensure by the town. The loan that is maximum be set at $1,000, with the absolute minimum term for payment of 60 days. (more…)