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If you bring the account current, the series of missed payments will be deleted seven years from the date of the first missed payment.
Rather than making individual loans without 100 percent backing (todays system) a Gesellian tax or publicly collected negative interest rate would act as if money itself was loaned out by the public for private use by everyone.
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The Bureau further seeks comment on whether a general “substantially smaller” standard is appropriate to prevent the unfair and abusive practice; whether a specific percentage reduction would be more appropriate; and, if so, what specific threshold or methodology should be used and why that number or formula appropriately differentiates substantially smaller payments.
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Such a requirement would ensure that lenders using consumer reports from a registered information system have timely information about most covered loans made by other lenders to a consumer.
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Therefore the rollover would be subject to the presumption of unaffordability in § 1041.
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Our students enjoy access to their studio spaces, digital labs, and moving image lab.
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