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(iii) A covered short-term is the third loan in the sequence if the consumer has a currently outstanding covered short-term loan that is the second loan in the sequence, or if the consummation date of the third loan is within 30 days following the last day on which the consumer's second loan in the sequence was outstanding; and
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Those who are worried about getting sued for their unpaid debt may look to the statute of limitations (SOL) for relief.
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