(9) a customer’s payment responsibilities shall never be guaranteed by a lien on any genuine or property that is personal
(10) a dollar that is small shall not charge a customer any direct or indirect costs for a tiny buck loan, aside from the costs allowed by this chapter; and
(11) The written contract needed under area 3 shall perhaps perhaps maybe maybe not need a consumer to acquire products that are add-on such as for instance credit insurance coverage.
(b) In a numerous installment little buck loan, a loan provider may contract for a twice-monthly or payment per month regarding the loan stability due, like the relevant part of the attention, and attained monthly maintenance charge.
(c) for every re re payment created by a customer, a loan provider shall supply the customer a written receipt using the loan provider’s title and target, payment date, amount paid, consumer’s title, and adequate information to determine the account to that your re re re payment is used. Read more