RATES AND DISCLOSURES
FEDERAL TRUTH IN LENDING STATEMENT
PAYDAY ADVANCE FEE SCHEDULE
BASED ON A 14 DAY PAYDAY ADVANCE
| ANNUAL |
|
CHECK |
TOTAL |
| % |
AMOUNT |
CASHING |
OF |
| RATE |
FINANCED |
FEE |
REPAYMENT |
| 391.0714% |
$100.00 |
$15.00 |
$115.00 |
| 385.8571% |
$125.00 |
$18.50 |
$143.50 |
| 382.3810% |
$150.00 |
$22.00 |
$172.00 |
| 379.8980% |
$175.00 |
$25.50 |
$200.50 |
| 378.0357% |
$200.00 |
$29.00 |
$229.00 |
| 373.6905% |
$225.00 |
$32.25 |
$257.25 |
| 370.2143% |
$250.00 |
$35.50 |
$285.50 |
| 367.3701% |
$275.00 |
$38.75 |
$313.75 |
| 365.0000% |
$300.00 |
$42.00 |
$342.00 |
| 360.9890% |
$325.00 |
$45.00 |
$370.00 |
| 357.5510% |
$350.00 |
$48.00 |
$398.00 |
| 354.5714% |
$375.00 |
$51.00 |
$426.00 |
| 351.9643% |
$400.00 |
$54.00 |
$454.00 |
| 348.1303% |
$425.00 |
$56.75 |
$481.75 |
| 344.7222% |
$450.00 |
$59.50 |
$509.50 |
| 341.6729% |
$475.00 |
$62.25 |
$537.25 |
| 338.9286% |
$500.00 |
$65.00 |
$565.00 |
| 336.4456% |
$525.00 |
$67.75 |
$592.75 |
| 334.1883% |
$550.00 |
$70.50 |
$620.50 |
| 332.1273% |
$575.00 |
$73.25 |
$648.25 |
| 330.2381% |
$600.00 |
$76.00 |
$676.00 |
The above disclosure is provided to you pursuant to the
Federal Truth-in-Lending Act, 15 u.s.c. Section 1601
et seq. "(TILA)".
THE FOLLOWING DISCLOSURE IS REQUIRED BY THE STATE OF
MICHIGAN
1. A deferred presentment transaction is not intended to meet long-term
financial needs. We can only defer cashing your check for up to 31 days.
2. You should only use this service to meet short-term cash
needs.
3. State law prohibits us from entering into a transaction with you if you
already have a deferred presentment agreement in effect with us or have more than one deferred presentment
agreement in effect with us or have more than one deferred presentment agreement in effect with any other
person who provides this service.
4. If you enter into a transaction with us, we must immediately give you a
copy of your signed agreement.
5. We will pay the proceeds of a transaction to you by check, by money order,
or in cash, as you request.
6. State law entitles you to the right to cancel an agreement and receive a
refund of the fee. To do this, if you enter into a transaction today, you must notify us and return the
money you receive by the time this office closes tomorrow or on our next business day if we are not open
tomorrow.
7. State law prohibits us from renewing an agreement for a
fee. You have to pay any other agreement in full before obtaining additional money from
us.
8. State law prohibits us from using any criminal process to collect on an
agreement.
9.
State law entitles you to information regarding filing a complaint against us if you
believe that we have violated the law. If you feel we are acting
unlawfully, you should call the Office of Financial and Insurance Regulation toll-free at
1-877-999-6442.
10. If you are unable to pay your deferred presentment service transaction and have entered
into 8 deferred presentment service transactions with any licensee in any 12-month period, state law entitles
you to request a repayment of that amount in installments. We are required to
advise you of this option at the time it is available. If you elect this
option, you must notify us, either orally or in writing, within 30 days after the maturity date of the
deferred presentment transaction. This notice must be
provided at our place of business. You may be charged an
additional fee when the transaction is rescheduled in installments. You will be ineligible
to enter into a deferred presentment service transaction with any licensee during the term of the repayment
plan. If we refuse to provide this option under the stipulations above, you should contact
the Office of Financial and Insurance Regulation toll-free at 1-877-999-6442.
INSERT JPG OF STATE LICENSE HERE
THE FOLLOWING DISCLOSURE IS REQUIRED BY THE STATE OF
MICHIGAN
Under Michigan law, you
are entitled to receive the proceeds of this transaction in cash. If you request the proceeds in
a check of money order, you may be charged an additional check cashing or other processing fees by others for
cashing the check or money order.
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