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Alpha Omega Consulting Group, Inc. has been in business for over 30 years, making us one of the oldest computer software
companies in the United States. We have developed loan software with strong track records in features, reliability, performance and
support. We are industry leaders in the following areas: Auto Title Loan software (also known as Title
Pawn software); Payday Loan software (also known as Cash Advance software); Check
Cashing software; Installment Loan software for Amortized Loans, Balloon Notes and
Hybrid methods; Line of Credit software; Consumer Loan software; Lease software
and Money Order software ... all in one convenient, user-friendly Windows program! You can rent space on
our Cloud Server for as little as $195 per month, or buy our software and run it on your own
computers for as little as $995, depending on your state(s), number of users and the support
and features you need. All our modules are customizable, which means they can be adapted to your company. We developed our first software
product in 1980, so we were designing, programming, customizing and supporting software when most of our competitors were "still in
diapers." Most importantly, we support what we sell and don't put our customers on automated voice mail
"help" systems or refer them to FAQs, e-mail support, or minimum-wage-earning "support" people reading rote answers
out of "knowledge bases." Our support comes from senior programmers who knows the program inside and out! Also, if you have
questions about the industry, such as how to do CSO/CAB title loans and payday loans in Texas, or motor vehicle equity line of credit
(MVELOC) loans in Utah and Kansas, or "blended interest rate" title loans in Virginia, or "debt obligation waiver"
title loans in Florida, our knowledgeable staff will give you free, friendly advice even if you don't buy our
software. We may be able to help you save many hours on fruitless quests for hard-to-find information, and we never
pester or badger potential clients, because we know their time is valuable. If you need information about the laws of
specific states or our pricing, please scroll down this page, or call the toll-free number below.
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Pricing:
The good news is that you can rent the Cadillac of the title loan programs for
as little as as little as $195
per month, or buy our software and run it on your own computers for as little as
$995, depending on your state(s),
number of users and the support and features you need. Please call us toll-free
at 1-866-802-5742 ext. 101 for a customized quote.
Features and States:
The following features are available in Title Loan
Professional: Title Loans (also known as Title Pawn Loans), Cash Advances (also
known as Deferred Presentment Loans, Payday Loans, Payday Advances, Paycheck
Loans, Paycheck Advances, etc.), Check Cashing, Installment Loans (amortized
loans with fixed monthly payments), Balloon Notes, Consumer Installment Loans, Retail
Installment Loans, Commercial Installment Loans, Lease Loans, and Money Orders.
We have customers using Title Loan Professional all over the United States and
Canada, with
special features and contracts for the following states:
Alabama Title Loans and Cash Advance/Payday Loans (see state-specific notes
below)
Arkansas Title Loans and Cash Advance/Payday Loans (see state-specific notes
below)
Arizona Title Loans and Consumer Loans which work like Cash Advance/Payday Loans (see state-specific
notes below)
California Title Loans and Cash Advance/Payday Loans (see state-specific
notes below)
Canada Title Loans and Cash Advance/Payday Loans (see Canada-specific notes
below)
Delaware Title Loans and Cash Advance/Payday Loans (see state-specific
notes below)
Georgia Title Loans and Line of Credit loans that work like Cash Advance/Payday Loans (see state-specific
notes below)
Illinois Title Loans and Cash Advance/Payday Loans (see state-specific
notes below)
Iowa Title Loans and Cash Advance/Payday Loans (see state-specific notes
below)
Kansas MVELOC Title Loans and Line of Credit Cash Advance/Payday Loans (see state-specific notes below)
Kentucky Cash Advance/Payday Loans (see state-specific notes below)
Louisiana Title Loans and Cash Advance/Payday Loans (see state-specific
notes below)
Maine Title Loans and Cash Advance/Payday Loans (see state-specific notes
below)
Missouri Title Loans and Cash Advance/Payday Loans (see state-specific
notes below)
Mississippi Title Loans and Cash Advance/Payday Loans (see state-specific
notes below)
Montana Title Loans and Cash Advance/Payday Loans (see state-specific
notes below)
Nevada Title Loans and Cash Advance/Payday Loans (see state-specific notes
below)
New Hampshire Title Loans and Cash Advance/Payday Loans (see
state-specific notes below)
New Jersey Restaurant and Commercial Merchant Account Loans (see
state-specific notes below)
New Mexico Title Loans and Cash Advance/Payday Loans (see state-specific
notes below)
Ohio Title Loans and Cash Advance/Payday Loans (see state-specific notes
below)
Oklahoma Title Loans and Cash Advance/Payday Loans (see state-specific
notes below)
Oregon Title Loans and Cash Advance/Payday Loans (see state-specific notes
below)
Rhode Island Cash Advance/Payday Loans (see state-specific notes below)
South Carolina Title Loans and Cash Advance/Payday Loans (see
state-specific notes below)
South Dakota Title Loans and Cash Advance/Payday Loans (see
state-specific notes below)
Tennessee Title Loans and Cash Advance/Payday Loans (see state-specific
notes below)
Texas CSO/CAB Title Loans, Auto Club Title
Loans and CSO/CAB Cash Advance/Payday Loans (see state-specific notes
below)
Utah Title Loans and Cash Advance/Payday Loans (see state-specific notes
below)
Virginia Title Loans (Blended Interest Rate) and Line
of Credit Cash Advance/Payday Loans (see state-specific
notes below)
Washington Title Loans and Cash Advance/Payday Loans (see state-specific
notes below)
Wyoming Title Loans and Cash Advance/Payday Loans (see
state-specific notes below)
Canada Title Loans and Cash Advance/Payday Loans (see Canada notes below)
Mexico/Hispanic Title Loans and Cash Advance/Payday Loans (see Hispanic notes
below)
Credit Service Organization (CSO/CAB) Title Loans, Payday Loans, and other
Loans. These types of loans are increasingly popular and have been
ruled legal by a superior court federal judge in the landmark Lovick vs.
Ritemoney case. That ruling opened up the CSO/CAB title loan and CSO/CAB
payday loan industries in Texas, creating potential gold mines for Texas
lenders. Other states like Ohio, Maryland and Florida seem to offer similar opportunities.
Such loans may be legal in every state, if the
interest rates offered are low and fees are charged for legitimate services like
helping clients obtain loans, pay their bills, and/or repair their credit. If you
want more information about CSO and similar loans, please contact us for free
information, via phone or email.
Personal Line of Credit, Equity Line of Credit and Revolving Line of
Credit Loans. These type of loans allow lenders to swim in the same
loosely-regulated waters as the big banks, home equity lenders and credit card
companies. In every state that we've entered with these types of loans
so far, small lenders are allowed to do such loans without special
licenses (the line of credit goes back to the prairie settlement days, when
storeowners gave farmers lines of credit until their crops came in). The big lenders make oodles of cash by offering lines of credit
to individuals, then earning a variety of fees and interest, including late
fees, cash advance fees, annual fees, etc. What is the effective APR on a $100
balance, when the borrower pays a $20 to $30 late fee? The secret to making
money in states with interest rate caps is to keep the balances low in
proportion to the fees charged. We have the software and the expertise to help
you earn money the way the "big boys" do.
Internet. For companies interested in doing title loans,
cash advances and payday loans via the Internet, we have custom features and
contracts for both title loans and payday loans. We also have the ability to
print contracts to PDF files which can be emailed to clients or posted to
websites. We also have an interface to an electronic signature vendor. This means lenders can do Internet title loans and other loans without
paying outrageous software to get started. With our software, you can set up a
basic website and test the waters for around $1,995 to $2,995 and then add more
advanced features to your website once it becomes profitable. If your company is
interested in web-based software for Internet title loans or Internet payday loans,
please contact Mike Burch toll free at 866-802-5742 ext.101. Companies
interested in doing title loans via a website will be interested to know that
one of the first companies to do Internet-based title loans all over the United
States has been using our software since 2004, with good success.
Canada. For Canada, we support title loans, payday loans,
check cashing and "buy down" notes in which the interest is added to the
principal as a lump sum, and the loan is then paid off without further interest
accruals. We have done custom programming for Canadian lenders, and our 800
number is toll free in Canada, so please call Mike Burch at 866-802-5742 ext.
101 for
more information.
Mexican and Hispanic. We have a number of Spanish
contracts and are more than willing to work with companies that make loans to
Hispanic clients.
If your state or specific need is not on the list above, don't worry. It generally only takes a few
hours for our programmers to develop contracts and other forms customized for a
new state. And if your state has "quirky" rules, that's all the more
reason to consider our software. Here are some case studies...
For Alabama, we have added a unique Keyword Report that allows users to
quickly and easily generate those pesky Loan Denial Reports and Litigation Logs
required by the state of Alabama. We have a state-specific letter that allows
delinquent clients to pay off their loans in four payments, as the state of
Alabama requires. We also have both plain paper and Burrell
title loan and payday loan contracts pre-programmed into our software, so you can be up and running in a flash.
For Arkansas we have custom contracts for internet research and other products
that work similar to title loan and payday loan contracts. These contracts allow
Arkansas companies to sell services while giving cash as a rebate and collecting
a larger amount on a specific date.
For Arizona we have a variety of title loan, payday loan and
installment loan options and custom contracts. Our clients in Arizona are
increasingly converting to multi-pay installment loans, and our software offers
a number of options for multi-pay installment loans, such as amortized loans and
balloon notes. We have plain paper contracts customized for Arizona. Since
the payday loan regulations changed in Arizona in 2010, it seems to be
completely legal to do a consumer installment loan with an ACH agreement that is
more convenient than a payday loan for borrowers, and still highly profitable
for lenders. The key is to keep the duration of the loan short, the balance low,
and suddenly small fees turn into large profits. If you have questions about
this, please contact us via phone or email for a free consultation.
For California we have English and Spanish cash advance/payday loan contracts
that can include ACH and Arbitration agreements as part of the contract. We also
have a wide variety of custom title loan contracts for California. Title loans
in California are generally done on an amortized loan basis, and if your company
charges an up-front filing fee (such as an origination fee, documentation fee,
etc.) that is retained in full or in part by your company, it is imperative that
the software you select includes this fee in the Federal Truth in Lending boxes,
increasing the APR and Finance Charge disclosures. Our software can handle what
we call "Regulation Z fees" (full disclosure is mandated by Federal
Regulation Z). But software originally written for pawn shops, check cashers,
payday loan companies, etc., may not handle such fees correctly, meaning that
unsuspecting title loan companies may be subject to federal class action
lawsuits by predatory law firms. There is a very simple way to make sure that
your software is compliant, so please call Mike Burch toll free at 866-802-5742
ext. 101 to make sure that your company is in compliance with Federal Regulation Z. Even if
your company doesn't charge such a fee currently, do you really want to use a
program that doesn't "understand" and comply with critical federal regulations?
A few minutes to test for full compliance is a good idea,
whether you already have software or are considering a new program.
For Delaware we have custom features and contracts for both
title loans and payday loans. We also have the ability to print contracts to PDF
files which can be emailed to clients or posted to a website. This means
Delaware-based companies can also do Internet-based title loans. If your company is
interested in Internet title loan software, please contact Mike Burch toll free
at 866-802-5742 ext 101. One of the first companies to do Internet-based title
loans all over the United States has been using our software since 2004, with
good success, and is able to do title loans in all but a handful of states where
repossession and/or electronic signature regulations don't favor title loan
companies.
For Georgia we have programmed our software to automatically reduce the
title loan interest
rate to 12.50% after three months on title loans, per state regulations, and we
also have the ability to interface to Georgia police departments to report title
loan/title pawn transactions, as is required in certain areas. We have a variety
of custom program features and title loan contracts for Georgia. Many
prospective title lenders in Georgia find it hard to determine how to get a
business license from the state. The solution is surprisingly simple and easy,
so please contact Mike Burch toll free at 866-802-5742 ext. 101 to get "the inside
scoop."
For Illinois we have a variety of custom loan products and contracts that
include a consumer loan with multiple postdated checks, a balloon note,
installment title loan contracts, wage assignments, ACH and Arbitration
agreements, and much more! Since the payday loan regulations changed in
Illinois, making payday loans less attractive, installment loans have become
"the way to go" and we have a number of custom features and contracts for
Illinois lenders in our software.
For Iowa we have a Motor Vehicle Equity Line of Credit (MVELOC) contracts and
billing statements that work very much like a credit card or home equity loan
billing system. We have spent many hours working with Iowa lenders to develop
custom program features and contracts for Iowa.
For Kansas we have Motor Vehicle Equity Line of Credit (MVELOC) contracts and
billing statements that work very much like a credit card or home equity loan
billing system.
For Kentucky we have custom payday loan contracts, and being based in
Nashville, Tennessee, we are "just down the road" and are willing and able to work
with Kentucky lenders.
Louisiana title lenders should contact Mike Burch toll free at
866-802-5742 ext. 101 to get "the inside scoop" on doing title loans in Louisiana. We
have a variety of custom payday loan and title loan contracts for Louisiana. For
payday lenders, it is important to understand that Louisiana has the "pickiest"
and most complicated payday regulations in the United States, and therefore
while it's easy to make money, it's important to have software that can handle
the details legally and correctly. Payday software that works fine in other
states may not function legally in Louisiana. For instance, late interest on
payday loans must drop to 36% APR after 30 days, and then to 18% APR after 12
months. Our software has been heavily customized for Louisiana payday loans and
title loans.
We have had clients use our software in Maine, but it would
be best to contact Mike Burch toll free at 866-802-5742 ext. 101 to discuss the details.
Maryland companies may be interested in the Virginia market,
which is dynamic and booming. We are in discussions with companies in Maryland
that believe title loans may be legal there, but at the moment we do not have
lenders doing business in Maryland. If you have input or questions about
Maryland, please contact Mike Burch toll free at 866-802-5742 ext. 101 to get "the
inside scoop."
For Mississippi we have a 10 payment title loan with a 10% principal
reduction, per state regulations. In addition to the 10-pay title loan contract,
we also have a Mississippi cash advance/payday loan contract.
For Missouri, our software can do title loans on either a
renewal
basis with daily periodic interest, or on an installment loan (amortized loan) basis. These options are
available for other states as well, but in Missouri you may want to offer both types of loans, on a loan-to-loan basis, and with our software you can.
Missouri Department of Finance auditors have referred Missouri lenders to us,
which is a very good sign! We also have a variety of contracts for
Missouri balloon loans, 45-day consumer loans, and much more.
For Montana, we have worked with a number of lenders to meet
the latest state regulations, and we have custom contracts for Montana. We can
refer Montana lenders to other lenders in the state, so that they can work
together to achieve full compliance with the latest state regulations. Please be
aware that title loan software that has not been customized for the latest
regulations may not handle the state-mandated principal reductions correctly,
since they "kick in" in the middle of the loan. Please contact Mike Burch toll
free at 866-802-5742 ext. 101 to get "the inside scoop."
We have had clients use our software in New Hampshire, but it
would be best to contact Mike Burch toll free at 866-802-5742 ext. 101 to discuss the
details.
For New Mexico, we have custom program features and
contracts. As with Arizona, we see New Mexico lenders moving toward installment
loan methods, such as amortized loans and balloon notes. If your company charges
up-front fees such as filing fees, documentation fees, or other loan origination
fees, it is vitally important that you understand and comply with Federal
Regulation Z, so please contact Mike Burch toll free at 866-802-5742 ext. 101 to get "the
inside scoop."
For Nevada we have a number of loan products and contracts, including a
payday loan contracts, installment loan balloon notes, and title loan
contracts.
For Ohio we have custom payday loan contracts and have done
custom programming to split the charge to the client into interest and fee
components, per Ohio state requirements.
For Oklahoma we have a custom cash advance/payday loan contract that allows a flat
fee to be added to a loan for the Veritec database research fee. We also have a
title loan contract for Oklahoma title lenders.
For Oregon we have a variety of loan products and contracts, including cash
advance/payday loans, title loans, installment title loans, and installment
consumer loans. We have done a lot of custom programming to meet the various
Oregon state regulations. Since the latest Oregon regulations went into effect,
the "dark cloud" is that it's harder to make money in Oregon. But the "silver
lining" from what we've heard is that many lenders have closed their doors, and
it is possible to operate profitably by making smaller loans and scooping up the
"cream of the crop" among local borrowers. Please contact Mike Burch toll free
at 866-802-5742 ext. 101 to get "the inside scoop."
For Rhode Island we have a custom payday loan contract.
For South Carolina, we have done custom programming to make our software be
able to do loan increases (also known as "refinances" or "flip loans"). We also support
true
daily interest on installment (amortized) loans, as SC auditors are now
recommending or requiring (with some degree of inconsistency). We
also have Spanish title loan and payday loans contracts for SC.
For South Dakota we have custom title loan programming and
contracts. Please contact Mike Burch toll free at 866-802-5742 ext. 101 to get "the
inside scoop."
Tennessee is our home state, as we've been based in Nashville for
over 30 years. If you're based in Tennessee, we've got some home cookin' for ya'll.
Our software generates state-required reports such as the Schedule C, the Title
Pledge Log, and the Repo Log. We support title loans, payday loans, check
cashing and money order tracking in an "all-in-one" package specifically
designed for Tennessee lenders.
For Texas we support CSO/CAB title loans and payday loans. For
Texas lenders who want to avoid OCCC oversight and fees, we also support title
loans done on a "car club" or "auto club" basis, with an interest rate below 10%
to avoid Texas usury laws and OCCC oversight. We also have custom contracts for internet research and other products that
work similar to title loan and payday loan contracts. However we see no reason
to do "oddball" loans in Texas any longer, with CSO loans having been ruled legal
by a federal judge, and with the Texas Secretary of State, Attorney General and
OCCC all being in agreement that CSO/CAB loans are legal in
Texas as long as the lender and CSO companies are properly incorporated and
related to each other. We can refer Texas lenders to Texas attorneys if they
need help incorporating to do title loans and/or payday loans in Texas. Please
call Mike Burch toll-free at 866-802-5742 ext. 101 for more information about Texas title
loans, payday loans and the legalities thereof. We can also refer you to company
that will guarantee Texas payday loans, ensuring your company a profit on every
transaction and eliminating the need for you to handle collections, if you give
us a call.
For Utah, we have recently updated our title loan and payday
loan contracts for the latest Utah regulations. Utah seems to make more changes
to its regulations (and "interpretations" thereof) than any other state, so it's
important to select a software vendor committed to the state. We are. Please
contact Mike Burch toll free at 866-802-5742 ext. 101 to get "the inside scoop."
For Virginia we have updated our software to calculate title
loans using a "blended interest rate" that is unique to Virginia. We also
support the Motor Vehicle Equity Line of Credit (MVELOC) contract
and billing statement system, which works like a credit card or home equity
loan billing system. Also, with the new Virginia payday regulations putting a
damper on payday loan renewals, we have added a new feature that allows
revolving line of credit (RLOC) loans to be done as "bridge" or replacement
loans for traditional Virginia payday loan borrowers. These RLOC loans are
actually more profitable than payday loans, and there is no interest rate cap.
Better yet, no special state license is required. Lenders who are interested in
picking up the "cream of the crop" among traditional payday lenders in Virginia
should contact Mike Burch at 866-802-5742 ext. 101 to discuss how RLOC loans can be done
in Virginia, in lieu of traditional payday loans, or as supplemental or "bridge"
loans when a payday borrower is unable to renew a traditional payday loan. The
good news is that there is a simple, easy, highly profitable alternative with
Alpha Omega's software. The bad news is that, as of the time this text was
added, none of our software competitors seems to "have a clue." So Virginia
lenders may believe the sky has fallen because their software vendors have their
heads stuck in the sand! Again, please call Mike Burch if you want information
about Virginia loan method that's so simple, easy and profitable it will
"knock your socks off."
We have had clients use our software in Washington, but
please contact Mike Burch toll free at 866-802-5742 ext. 101 to discuss doing title loans
and payday loans in Washington.
We have had clients use our software in Wyoming, and we have
custom title loan and payday loan contracts for the state. Please contact Mike
Burch toll free at 866-802-5742 ext. 101 to discuss doing title loans and payday
loans in Wyoming.
For just about every state on the list above, we've
either heavily customized or tweaked our software to some degree. And please keep in mind that the regulations in
your state can change any day. The software that works today is only as good as
the software company that supports it tomorrow! And support has "been our
claim to fame" for over 30 years.
Here is a list of the reports and other printouts included in Title
Loan Professional, along with some comments. Many of the reports can be run in a
variety of combinations. We have over 350 printable contracts, receipts,
letters, reports, etc., and that number keeps growing on a weekly basis. And please keep in mind that all reports, letters,
contracts and forms are completely customizable:
Title Loan Contracts and Pledge Agreements -
many state-specific contract formats
DMV (Department of Motor Vehicle) Forms - multiple state-specific versions
Cash Advance (Deferred Presentment) Contracts - many state-specific contract
formats
Customer Payment Receipt - many formats
A Variety of Customizable Letters and Forms:
Late Letters - many formats
Repossession Letters - many formats
Right to Cure Letters - many formats
Notice to Cure Default - many formats
General Power of Attorney - multiple formats
Reminder to Borrower Letter - multiple formats
Privacy Notice - multiple formats
Affidavit of Fact
No Liens Letter
Title Key Receipt Letter
Electronic Funds Transfer Authorization Letter (EFT
Letter)
A wide variety of Customizable Lists and Reports:
Client List
Notes List - Select by client, from date, to date, keyword (such as "loan
denial", "litigation log", etc.)
Loan List - Sort by Name, Account #, or Loan #; Select Date Range, All or
Outstanding Loans
Loans Due by Name
Cash Advance Summary - Select Date Range
Returned Check List - Select Date Range
Check Register - Select Date Range
Signed Off Check List - Select Date Range
Unearned Fees and Interest - Select As Of Date
Reduced Interest Audit Report - Shows clients given reduced interest who are now
past due
Inventory List
Login/Logout Sheet - Can be used as a time clock and for payroll purposes
Daily Receipt Log - Select Date Range and Loan Type (Title Loan, Cash Advance,
etc.)
Cash Drawer Reconciliation - Select Cash Drawer and Date
Daily Summary - Select date; Shows all daily category totals for end of day
balancing
Daily Transaction Report - Select Date Range; Shows detail and totals for each
transaction type
Past Due Loans - Select Loan Type (Title Loan, Cash Advance, etc.), Days Past
Due, As Of Date
Outstanding Loans by Status - Select Loan Type, Loan Status (Past Due, etc.), As
Of Date
Outstanding Loans by Due Date - Select Loan Type, Loan Status (Past Due, etc.),
As Of Date
Customer Payment Receipt - Prints automatically upon payment (multiple formats
selectable)
Customer Data Verification Form
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ABN Loans - Loan Information Galore! |
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Accounting Software Directory - A one stop resource for all your
accounting software needs. |
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Cash Advance Headquarters |
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Loans Spot - A Valuable Loans Website and Information Resource. |
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| QIC Loans - The
best resources for loans. |
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Qwk Loans.com
-
Your one-stop for loans! |
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| Your
Payday Advance Company - Barnhart, Missouri (MO) Payday Advance and Cash
Advances |
Financing,
Refinancing, and Credit Reports from Harbor Credit
We're a
company founded by consumers, for consumers and our mission is to
empower you, the consumer. |
|
Payday Loans -
The best source for no fax payday loans, cash advances and personal
loans with no credit check. |
| First Funds
Capital
provides small business loans up to $1,000,000 in as
little as 72 hours with no application or late fees. |
| Merchant Services and Credit Card Processing
Merchant Service Group provides an array of electronic processing options to retail, restaurant, mail order, telephone order, and Internet businesses. Our services include credit, debit and EBT card processing, check conversion and guarantee. |
|
Repossession Remortgage - If you are facing a repossession order
we can help get a fast repossession mortgage |
|
Fast Cash Payday Loans UK - UK payday loans available, fast same
day payout, no credit checks. |
|
Contact Lenses - Lens.com offers a huge online inventory of brand
name contact lenses. |
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Copyright © 1999 - 2009 Alpha Omega
Consulting Group, Inc.
All rights reserved.
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