Deferred deposit definition

Deferred deposit means a transaction in which a check casher refrains from depositing a personal check written by a customer until a date after the transaction date, pursuant to a written agreement."]
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Deferred deposit means a transaction in which a check
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Deferred deposit means a transaction whereby the check allows the maker to write a personal
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Examples of Deferred deposit in a sentence

  • Except as otherwise provided in subsection 2, be in substantially the following form:NOTICE OF FEES CHARGED FOR SERVICESCheck-cashing fee $.Deferred deposit loan fee $.

  • Deferred deposit transaction means a transaction whereby a person defers depositing a customer’s personal check until a specific date, pursuant to a written agreement, as provided for in Financial Code Section 23035.

  • While the capacity of the BRT could be expanded slightly, the analysis suggests that technology may not have sufficient capacity for the long-term needs of the corridor.

  • Deferred deposit loans may not be renewed or extended." 2223 Section 3.

  • Deferred deposit or payday lending, on the other hand, is when a person comes into the shop and applies for a loan; about a third of the time there is not even any “check” involved, but instead a form authorizing the business to debit the amount due out of the customer’s savings account on a certain date.

  • Deferred deposit agent commissions are accounted for as a component of deposits with the amortization of these commissions, with the exception of commissions relating to deposits designated as at fair value through income, which are expensed as incurred, and are calculated on an effective yield basis as a component of interest expense.

  • Deferred deposit loan customers are overwhelmingly satisfied with the service, a fact confirmed by state regulators and the Consumer Financial Protection Bureau (CFPB), which report very few complaints from their residents who use our service.

  • Deferred deposit lender" or "licensee" means a person engaged in the business of making deferred deposit loans.

  • Deferred deposit agreements or payday loans are high interest, short-term loans backed by postdated personal checks.

  • Deferred deposit or payday loans, as regulated in Hawaii, have a maximum term of 32 days and a fixed fee.

Related to Deferred deposit

  • Designated Deposit Account is Borrower’s deposit account, account number , maintained with Bank.

  • Principal Accumulation Account Balance means, for any date of determination, the principal amount, if any, on deposit in the Principal Accumulation Account on such date of determination.

  • Retirement Account means any retirement or pension fund or account, listed in Iowa Code section 627.6(8)“f” as exempt from execution, regardless of the amount of contribution, the interest generated, or the total amount in the fund or account.

  • Cash Account has the meaning set forth in Section 2.1(a)(ii).

  • Specified Reserve Account Balance means, for any Payment Date, an amount equal to 2.00% of the Pool Balance as of the Cut-Off Date; provided, however, on any Payment Date after the Notes are no longer Outstanding following payment in full of the principal and interest on the Notes, the “Specified Reserve Account Balance” shall be $0.

  • Revenue Account means the Revenue Account established pursuant to the Resolution. “Revenues” means the Pledged Receipts and Recoveries of Principal.

  • Designated Retirement Account means any retirement plan or account described or qualified under the Internal Revenue Code of 1986, as amended, or a subaccount thereof.

  • Investment Account As defined in Section 3.12(a).