H.R.1214 — cash advance Reform Act of 2009 111th Congress
“(d) Additional defenses for customers .—It will probably be illegal for a payday lender to—
“(1) require a customer to pay for interest and charges that, combined, total more than 15 cents for each and every buck loaned in connection with a cash advance;
“(2) threaten or look for to really have the consumer prosecuted in unlawful court to get the mortgage;
“(3) just simply take or try to simply just simply take a pursuit in virtually any for the consumer’s individual home to secure the mortgage;
“(4) file or start a court case of any kind, including case or arbitration, against a customer to get on financing that may be the topic of a extensive payment plan, or construe the mortgage to stay in standard unless the customer has didn’t repay the mortgage as agreed beneath the regards to the payday loans South Dakota payment plan;
“(5) simply simply take any energy of lawyer;
“(6) use in the mortgage papers—
“(A) a confession of judgment clause;
“(B) a waiver associated with straight to a jury test, if relevant, in every action brought by or against a customer, unless the waiver is roofed within an arbitration clause permitted by subparagraph (C) with this paragraph; and
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