Deferred deposit loan definition

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 a transaction whereby a lender makes a cash advance to a debtor and, for a finance charge or other consideration, does the following:

Examples of Deferred deposit loan 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 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 loan record retention requirements are set forth under 31-1-714, MCA.

• A licensee shall maintain written documentation to establish that, except as otherwise provided in NRS 604A.425 and 604A.430, the licensee has not made a:(a) Deferred deposit loan that exceeds 25 percent of the expected gross monthly income of the customer when the loan is made; or(b) [Short-term] High-interest loan that, under the terms of the loan agreement, requires any monthly payment that exceeds 25 percent of the expected gross monthly income of the customer.

More Definitions of Deferred deposit loan

Deferred deposit loan means an arrangement, including all representations made by the deferred deposit lender whether express or implied, in which:

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