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State sues to block unlawful car name loan provider. Liquidation is not licensed to provide or conduct business in Michigan, where name loans and loans charging significantly more than 25 % interest that is annual unlawful.

An Ingham County Circuit Court judge temporarily banned on Thursday an organization centered on a remote Pacific area from gathering on unlawful name loans that fee triple-digit rates of interest, whilst the Michigan attorney general has warned significantly more than 1,000 Michigan companies against aiding the unlicensed loan provider. Judge William Collette granted a demand through the attorney general’s office for the restraining that is…

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