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Accordingly, the initiation date of the transfer is the date that the lender or its agent—such as a payment processor—sends the payment to be processed by a third party.
If the lender provides the notice in person, the lender must provide the notice no earlier than seven business days and no later than three business days prior to initiating the transfer, direct lender payday loans in Fort Lauderdale.
However, bankers waded into the debate urging the President to reject the proposed law and let market forces determine interest rates.
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