Minimal term limitations
For states that set the minimal term limitation with regards to of pay durations in place of times, a regular pay amount of two weeks is thought. For example, Virginia’s restriction of 2 pay durations is coded as 28 times.
Optimum term restrictions
States without any maximum term restrictions are coded as having a limitation add up to hawaii because of the greatest appropriate restriction, that will be 60 days for Kentucky.
Limitations on simultaneous borrowing
Simultaneous borrowing limitations are split into two variables: the limitation on absolute wide range of loans, in addition to limitation associated with quantity of loans per loan provider. In regression analysis these two are collapsed into binary factors. Continue reading “Limitations on simultaneous borrowing. Minimum term limitations”