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CONSUMER LOAN APPLICATION This application is designed to be completed by the borrower(s) with the lender's assistance. Check One: Individual. Relying solely on Borrowers income. Joint. Borrower(s)
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25974 - consumer loan refers to a specific type of loan that is given to consumers for personal use, such as buying a car or paying off medical expenses.
Lenders or financial institutions who provide consumer loans are required to file Form 25974 with the appropriate authorities.
Form 25974 must be filled out accurately and completely with all the required information about the consumer loan, including details about the borrower and the terms of the loan.
The purpose of Form 25974 is to provide transparency and accountability in the consumer lending industry by ensuring that accurate information about consumer loans is reported to the authorities.
Information such as the amount of the loan, the interest rate, the repayment terms, and the borrower's personal information must be reported on Form 25974.
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