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WebCollection activities involving loans of $700 or less are subject to RCW 31.45.082, which limits the time, place, and manner in which a payday loan may be collected. Payday lenders must also provide borrowers with an installment plan if the borrower is not able to pay the small loan back when it is due. Information About Federal Debt Collection Law Web20 dec. 2024 · Payday Loan: A payday loan is a type of short-term borrowing where an individual borrows a small amount at a very high rate of interest. The borrower typically … town of saugus zoning map
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