guaranteed approval installment loans

  • guaranteed approval installment loans

    Section 101 of the LIPL, 41 P

    Section 101 of the LIPL, 41 P

    S. § 101, defines “person” broadly to mean “an individual, corporation, business trust, estate trust, partnership or association or any other legal entity?” Enumerated exceptions to the maximum rate do not include loans by out-of-state lenders

    The Department’s purpose is to protect Pennsylvania citizens “from being exploited at the hands of unscrupulous individuals seeking to circumvent the law at the expense of unsuspecting borrowers who may have no other avenue to https://installmentloansgroup.com/installment-loans-ga/ secure financial backing?” Smith v. Mitchell, 420 Pa.Super. 137, 616 A.2d 17, 20 (1992). The finance charge is interest because it is “the amount owed to a lender in return for the use of borrowed money.” Black’s Law Dictionary 829 (8th ed.2004).