THIS IS A LOAN.
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SPECIFICALLY, THIS IS A REFUND ANTICIPATION LOAN.
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YOU ARE NOT REQUIRED TO ENTER INTO THIS REFUND ANTICIPATION
LOAN AGREEMENT MERELY BECAUSE YOU HAVE RECEIVED THIS INFORMATION.
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IF YOU DO SIGN A CONTRACT FOR A REFUND ANTICIPATION LOAN, YOU
WILL BE TAKING OUT A LOAN, AND YOU WILL BE RESPONSIBLE FOR REPAYMENT
OF THE ENTIRE LOAN AMOUNT AND ALL RELATED COSTS AND FEES, REGARDLESS
OF HOW MUCH MONEY YOU ACTUALLY RECEIVE IN YOUR TAX REFUND. IF YOUR
TAX REFUND IS LESS THAN EXPECTED, YOU MUST STILL REPAY THE ENTIRE
AMOUNT OF THE LOAN.
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IF YOU DO NOT TAKE OUT THIS REFUND ANTICIPATION LOAN, YOU ARE
ELIGIBLE TO RECEIVE A GROSS TAX REFUND OF APPROXIMATELY $ [insert
amount].
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IF YOU DO TAKE OUT THIS REFUND ANTICIPATION LOAN, YOU WILL BE
RESPONSIBLE TO PAY $ [insert amount] IN INTEREST AND FEES FOR THE
LOAN. AFTER THESE FEES AND INTEREST ARE PAID, YOU WILL RECEIVE APPROXIMATELY
$ [insert amount] AS YOUR LOAN.
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IF YOUR REFUND IS DELAYED, YOU MAY HAVE TO PAY ADDITIONAL FEES
AND INTEREST.
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THE ESTIMATED ANNUAL PERCENTAGE RATE OF YOUR REFUND ANTICIPATION
LOAN IS [insert amount] %. THIS IS BASED ON THE ESTIMATED AMOUNT OF
TIME YOU WILL HAVE BORROWED MONEY THROUGH THIS REFUND ANTICIPATION
LOAN.
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IF YOU DO TAKE OUT THIS REFUND ANTICIPATION LOAN, YOU CAN EXPECT
TO RECEIVE YOUR LOAN IN APPROXIMATELY ONE TO TWO DAYS.
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IF YOU DO NOT TAKE OUT THIS REFUND ANTICIPATION LOAN, YOU CAN
STILL RECEIVE YOUR TAX REFUND QUICKLY. IF YOU FILE YOUR TAX RETURN
ELECTRONICALLY AND RECEIVE YOUR TAX REFUND THROUGH THE MAIL, YOU CAN
EXPECT TO RECEIVE YOUR REFUND IN APPROXIMATELY 15 TO 22 DAYS. IF YOU
FILE YOUR TAX RETURN ELECTRONICALLY AND HAVE YOUR TAX REFUND DIRECTLY
DEPOSITED INTO A BANK ACCOUNT, YOU CAN EXPECT TO RECEIVE YOUR REFUND
IN APPROXIMATELY EIGHT TO 15 DAYS.
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YOU ARE PAYING [insert the amount of the fee] TO GET YOUR REFUND
CHECK THROUGH [insert name of issuer of refund anticipation check].
YOU CAN AVOID THIS FEE AND STILL RECEIVE YOUR REFUND IN EIGHT TO 15
DAYS BY HAVING THE IRS DEPOSIT YOUR REFUND DIRECTLY INTO YOUR OWN
BANK ACCOUNT OR IN 15 TO 22 DAYS BY HAVING THE IRS MAIL THE CHECK.
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NOTICE CONCERNING REFUND ANTICIPATION LOANS
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"When you take out a refund anticipation loan, you are borrowing
money against your anticipated tax refund. If your tax refund is less
than expected, you must still repay the entire amount of the loan,
which includes interest and fees. If your refund is delayed, you may
have to pay additional costs. Again, these costs may be more than
the amount of your tax refund. You can have your tax return filed
electronically and your refund directly deposited into your own bank
account without obtaining a loan or paying fees for this extra service."
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