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The bill caps absorption and fees on car appellation loans, anchored by axis over the appellation to a agent and abrogation it accessible to acknowledgment if you don’t accumulate up payments, at 36% additional a account fee of no added than $15. It sets a absolute of $2,500 on the bulk of such loans, and puts a 5% cap on any accuse for repossessing a vehicle. Currently, the absorption amount cap on these loans is 264%.

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