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Income Contingent(ICR) – In this plan, the borrower would make payments based on their income, family size, loan balance, and interest rate.
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The pre-contractual statement, and this document, must be given to you before.
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In publicly discussing information, the Bureau has taken steps not to disclose confidential information inappropriately and to otherwise comply with applicable law and its own rules regarding disclosure of records and information.
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In addition, the Bureau believes that in many cases in which the proposed prohibition would apply, the consumer may technically be in default on the loan, given that the lender's payment attempts will have been unsuccessful.
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A loan is money you borrow and must pay back with interest.