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5. Late charges on a loan: A. are charged at a standard $50.00 per month B. cannot legally be charged C. are added to the

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5. Late charges on a loan: A. are charged at a standard $50.00 per month B. cannot legally be charged C. are added to the balance of the loan D. may not exceed $5 or 10 percent of the principal and interest part of an installment payment, which- ever is greater

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