In Del., Short-Term Lending Hits Its Limit

Law360, New York (August 8, 2012, 1:12 PM EDT) -- On June 27, 2012, Delaware Gov. Jack Markell signed into law House Bill 289, legislation that places a number of severe limitations on short-term loans made by a Delaware licensed lender. These limitations will apply to both brick-and-mortar lenders, as well as Internet lenders operating under the Delaware Licensed Lender Act. The new limitations become effective on Jan. 1, 2013....

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