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The Bureau has published the results of simulations of the impacts of this restriction on the share of single-payment vehicle title loans that are currently made that could still be made under the proposal.
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Looking at these same borrowers for a period of 11 months—one month longer than the duration analyzed by the Bureau—the researchers found that on average the longest sequence these borrowers experienced over the 11 months was 5.
If your bank says no, ask another bank and you may get a different answer.
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