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Defile GRAPHIC print DO NOT PROCESS990I As Filed Data IDLE: 934932230147751 OMB No 15450047Return of Organization Exempt From Income TaxFormDepartment of the Treasury Internal Revenue Service201 4Under
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How to fill out ponsible lending
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What is responsible lending?
Responsible lending is the practice of making loans to consumers in a way that is transparent, fair, and in the best interest of the borrower.
Who is required to file responsible lending?
Financial institutions and lenders are required to file responsible lending.
How to fill out responsible lending?
Responsible lending reports can be filled out online through the designated regulatory authority's website.
What is the purpose of responsible lending?
The purpose of responsible lending is to prevent predatory lending practices and ensure that consumers are not being given loans they cannot afford.
What information must be reported on responsible lending?
Information such as loan amount, interest rate, borrower's income, and credit score must be reported on responsible lending.
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