Limitations on cash advance quantity

Limitations on cash advance quantity

The loan must not exceed 25 percent of the borrower’s expected gross monthly income for Deferred deposit loans. When it comes to high-interest loans, the actual quantity of any payment per month should never meet or exceed 25 % regarding the borrower’s anticipated gross month-to-month earnings. This requirement is cumulative and caps the sum of the the monthly payments on all outstanding loans from a lender that is single. Continue reading “Limitations on cash advance quantity”