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In California you are also required to provide proof of residency, and a valid vehicle registration to obtain a loan.
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Residents of the remaining 48 states are eligible.
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nonprime101, Measure of Reduced Form Relationship between the Payment-Income Ratio and the Default Probability, at 6 , This analysis defines sequences based on the pay frequency of the borrower, so some loans that would be considered part of the same sequence using a 30-day definition are not considered part of the same sequence in this analysis.
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General Small Business Loans: 7(a)7(a) Loan Program EligibilityUse of 7(a) Loan Proceeds7(a) Loan Amounts, Fees & Interest Rates7(a) Loan Application Checklist7(a) Loan Processing TimeSpecial Types of 7(a) Loans -->
Note that, as described below, lenders would be required to provide a notice to the borrower in this circumstance, regardless of whether the lender were attempting to obtain a new authorization.
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