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A loan is simply a contract between parties to borrow/lend a certain amount of money at some rate of interest, for a period of time.

  • A loan is simply a contract between parties to borrow/lend a certain amount of money at some rate of interest, for a period of time. Why is the documentation for consumer loans so complicated?
    • Explain your response. (Please respond with regards to such issues as clauses, disclosures, etc.)

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