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They exist because there are thousands of people across Australia who are in the same
During the SBREFA process and in outreach with industry and others, the Bureau received feedback about requiring lenders that would make covered longer-term loans under a conditional exemption to the ability-to-repay requirements to obtain a consumer report from and furnish loan information to a specialty consumer reporting agency as a condition of making such loans.
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The median cash-out amount was $450, about 35 percent of the new loan's principal.
You retain the use of your vehicle during the life of your loan.
All of the input and feedback the Bureau received from this outreach has assisted the Bureau in the development of this notice.