PAYDAY
The full feature set for this version of the
Assistant is compatible with Mississippi regulations and the Assistant has been
in use by customers in Mississippi for several years. The Assistant
works with the new payday legislation that is effective on January 1, 2012.
TITLE
PLEDGE
If you are in Mississippi you already know
title pledge is quite different than many other states as a result of the
required customer 10% principal paydown. The new and improved title pledge module is
ready to be installed for title pledge lenders in Mississippi. In addition to standard
Assistant features, the
system includes the 10% reduction in principal feature along with the appropriate
schedules and agreements. It also provides improved repossession
reporting to disclose excess profits. A special effort has been made
to simplify the complex pay down and payment posting rules for store
personnel and for the customer.
Declining and flat plans both are available
for customer repayment. We believe most operators use the declining
model, but many also use the flat. Be sure and read about declining versus flat
customer payments by clicking the flat payment button.
Our customers have told us
the complicated loan transaction is much clearer than other systems and generally
much easier to understand for everyone. The new Assistant module used the time proven
Frazer system as a starting
point. And, remember, The Assistant is fully
compatible with Vista
and now OS 7 and the data is in your office -- not on someone else's server
far, far away.
