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Of those loans that are rolled over, about 65 percent were at least in their fourth rollover, about 44 percent were at least in their seventh rollover, and about 29 percent were at least in their tenth, up to a maximum of 22 rollovers.
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Utah Code § 7-23-401.
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Some lenders, however, make loans that are only slightly above the 36 percent coverage threshold.
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For example, assume that a lender makes a covered longer-term loan (Loan A) to a consumer under § 1041.
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Instant cash loans online 24/7 banks, however, are reluctant to make such loans.
When you apply for a payday loan by phone, your request can be processed almost immediately.