ChatGPTFull Description:A licensed money lender is a financial professional or institution that has obtained the necessary legal permissions and certifications to provide loans and other financial services to individuals and businesses. These lenders are regulated by government authorities to ensure that they adhere to specific standards and practices, offering protection to borrowers. Unlike unlicensed lenders, licensed money lenders are required to follow strict guidelines regarding interest rates, repayment terms, and transparency. This regulation helps to prevent predatory lending
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