Deferred deposit loan or "payday loan" means a consumer loan whereby the lender, for a fee, finance charge, or other consideration, does the following:
Deferred deposit loan means a transaction where:
Deferred deposit loan means an arrangement, including all representations made by the deferred deposit lender whether express or implied, in which:
Examples of Deferred deposit loan in a sentence
Deferred deposit loan record retention requirements are set forth under 31-1-714, MCA.
More Definitions of Deferred deposit loan
Deferred deposit loan means a transaction whereby a lender makes a cash advance to a debtor and, for a finance charge or other consideration, does the following:
Deferred deposit loan means a transaction where a Person presents a check written upon his or her account to a Check Cashing business in exchange for money and the promise to refrain from cashing the check until a later date or any similar transaction.
Deferred deposit loan means a transaction whereby a lender makes a cash advance to a debtor not as part of a revolving loan account as defined in Section 3-108 of Title 14A of the Oklahoma Statutes and, for a finance charge or other consideration, does the following:
Deferred deposit loan means any establishment that provides to the customer an amount of money that is equal to the face value of the check or the amount specified in the written authorization for an electronic transfer of money, less any fee charged for the transaction, and where there is an agreement not to cash the check or execute an electronic transfer of money for a specified period of time. This term does not include a retail seller engaged primarily in the business of selling consumer goods, including consumables, to retail buyers that cash checks, issue money orders, or money transfers for a minimum flat fee as a service that is incidental to its main purpose or business.
Deferred deposit loan means a transaction [where] when:
Deferred deposit loan means a loan upon which interest
Deferred deposit loan means an arrangement, including all representations made by the deferred