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Subsequent transactions by the same borrower accounted for 76% of the total number of loans made in 2017 with 47% of subsequent loans made the same day a previous loan transaction was paid off and another 23% happening within 1-7 days.
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However, in this instance, the 30 days during which Loan Y was outstanding are not counted toward the determination of whether Loan X and Loan Z are part of the same loan sequence.
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Assignments of all or any part of an account shall not be binding upon the Bank unless acknowledged by the Bank in writing.
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