Temporary Relief on EIR Disclosure in Pawn Tickets

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BSP CIRCULAR NO. 787: Temporary Relief on EIR Disclosure in Pawn Tickets

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Title Source: Supreme Court: Temporary Relief on EIR Disclosure in Pawn Tickets

Law: Bsp Circular No. 787

Decision Date: Feb 20, 2013

Pawnshops are granted a one-year temporary relief to disclose the effective interest rate on pawn tickets through alternative methods, as approved by the Monetary Board, while committing to use the revised standard format thereafter.

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