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A balloon payment is a large payment due at the end of a balloon loan, such as a mortgage, a commercial loan, or another type of amortized loan. A balloon loan is typically for a relatively short.
CFPB Update: April 2019 | Burr & Forman – JDSupra – The CFPB is proposing “to rescind the rule’s requirements that lenders make certain underwriting determinations before issuing payday, single-payment vehicle title, and longer- term balloon payment.
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