City Council considers several cash advance choices and intends to table them, for the present time

City Council considers several cash advance choices and intends to table them, for the present time

The main disimilarity between the original ordinance therefore the very very first replacement is sold with the imposition of a charge.

Underneath the initial proposition, the town would ask voters to choose whether payday loan providers could be charged a $5,000 yearly permit charge at the start of the year ($2,500 when they use halfway through the entire year) to work. Both proposals would mandate term that is short upload a notice nearby the countertop for the shop stating: That the center is a brief term loan establishment and never online payday loan Shepherdstown a bank, savings and loan relationship or credit union; The annual percentage rate same in principle as the attention prices and costs charged per $100;

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