7.__Maximum loan amount.__A lender may not lend an amount greater than $700 or 25% of the gross monthly income of a consumer, whichever is less, and the amount financed may not exceed $700 at any time.

8.__Maximum amount of instrument.__An instrument held as a result of a deferred deposit loan may not exceed $822.50.

9.__Treatment of Armed Forces personnel.__A lender may not engage in any of the following activities with respect to a deferred deposit loan issued to a consumer who is a member of the Armed Forces of the United States called to active duty:

A.__The garnishment of wages or salary for repayment of a loan;

B.__The initiation of any collection activity during the period of active duty; and

C.__Any communication with the military chain of command with regard to a loan issued to a member of the Armed Forces of the United States.

A lender must comply with the terms of any repayment agreement negotiated through a military counselor on behalf of a consumer who is a member of the Armed Forces of the United States and called to active duty.

§6195.__Consumer rights

1.__Criminal liability.__A consumer is not subject to any criminal liability or penalty for entering into a deferred deposit loan agreement in the event the instrument held by the lender is dishonored unless the consumer's account on which the instrument is drawn was closed before the specified maturity date in the loan agreement.

2.__Right of rescission.__A consumer has the right to rescind a deferred deposit loan on or before the close of the next business day following the transaction date of the loan by repaying to the lender the amount advanced to the consumer.

§6196.__Suspension or revocation of licenses

After notice and hearing, the administrator may suspend or revoke a lender's license if the administrator finds that: