Deferred Deposit Loans definition

Deferred Deposit Loans means a business that conducts transactions where a person presents to a check casher a check written on that person's account or provides written or electronic authorization to a check casher to affect a debit from that person's account using an electronic payment and the check casher provides the maker an amount of money that is equal to the face value of the check or the amount of the debit less any fee or interest charged for the transaction and agrees not to cash the check or process the debit until a specific date.
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Deferred Deposit Loans. The lawful, bona-fide, third-party, arm’s length, consumer loans, as defined by Nevada Revised Statutes §604A.050, in which a lender provides a consumer a sum of money in exchange for a the customer’s authorization to (1) hold a check for a specified amount until a certain date or (2) debit the customer’s account in a specified amount on a certain date.
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Examples of Deferred Deposit Loans in a sentence

  • As enrolled, S.B. 201 specifically amends NRS Chapter 604A, Deferred Deposit Loans, High-Interest Loans, Title Loans and Check-Cashing Services.Explanation: All comments received from the small business impact notice and from the industry were considered but not all could be addressed.

  • As enrolled, S.B. 201 specifically amends NRS Chapter 604A, Deferred Deposit Loans, High-Interest Loans, Title Loans and Check-Cashing Services.Explanation: All comments received from the small business impact notice were considered but not all could be addressed.

  • September 1, 2003.Section 3112 – License Required to Make Deferred Deposit Loans A.

  • Deferred Deposit Loans, Payday Loans, Payday Advances, Cash Advance Services, Check Cashing Services, and Auto Title Loans, as defined in the North Las Vegas Municipal Code, shall be prohibited at this location.

  • Brennan)One bill would enact or amend the payday lending laws in Maine:• An Act to Establish Consumer Protections and Regulations for Deferred Deposit Loans, (LR #1491, sponsored by Rep.

  • June 10, 2004 Section 3109 – No Renewal or Additional Loan Transaction for Deferred Deposit Loans A.

Related to Deferred Deposit Loans

  • Custodial Account The separate account or accounts created and maintained pursuant to Section 4.04.

  • Interest Collection Account A Securities Account created and maintained on the books and records of the Securities Intermediary entitled “Interest Collection Account” in the name of the Borrower and subject to the prior Lien of the Collateral Agent for the benefit of the Secured Parties.

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.

  • Credit Account is modified to read “Grant Account”.