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KEYWORDS: waiver of indebtedness DIGEST: Due to an administrative error, an employee s overtime pay was set at the incorrect rate causing him to be overpaid. He was unaware he was being overpaid until
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Rate causing him to refers to the percentage of interest that is charged on a loan or credit product.
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Rate causing him to can be filled out by providing the specific interest rate charged on the loan or credit product.
The purpose of rate causing him to is to inform borrowers of the cost of borrowing money and to ensure transparency in lending practices.
The information that must be reported on rate causing him to includes the annual interest rate, any additional fees or charges, and the total cost of the loan.
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