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At the Bureau's Consumer Advisory Board meeting in June 2017 in Omaha, Nebraska, a number of meetings and field events were held about payday, vehicle title, and similar loans.
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Information previously furnished can become out of date due to changes in the loan terms or due to actions by the consumer.
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These transactions are recorded on the bank's books, and the resulting balance is recorded as a for the bank and represents the amount owed by the bank to the customer.
Applicants will not need to be "requalified" on income unless their new principal + interest payment increases by more than 20%.
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