Payday loan definition
Payday loan means a small, short-maturity loan on the security of (i) a check, (ii) any form of
Payday loan means an advancement of money in exchange for a post-dated cheque, a pre-authorized debit or a future payment of a similar nature but not for any guarantee, suretyship, overdraft protection or security on property and not through a margin loan, pawnbroking, a line of credit or a credit card;
Payday loan or "loan" means a loan with a finance charge
Examples of Payday loan in a sentence
Payday loan agreement to repay a speedy cash advance loan or service to contact, ventura and conditions apply for.
These Excluded Activities may be modified from time to time, and currently include but are not limited to the following: Internet gambling; Pornography or other sexually-oriented business; Psychic or horoscope consultation services; Outbound telemarketing; Credit repair or debt consolidation services; Prepaid vacation/timeshare solicitation services; Organizations residing outside of North America; Payday loan business; and Check Cashers or Money Services Businesses.
More Definitions of Payday loan
Payday loan means a loan in which the licensee accepts a personal check or debit authorization tendered by the consumer and agrees in writing to defer presentment of that check or use of the debit authorization until the consumer's next payday or another date agreed to by the licensee and the consumer and:
Payday loan means a payday loan as defined by state law.
Payday loan means any of the following:
Payday loan means any advancement of money with a principal of one thousand five hundred dollars or less and a term of sixty-two days or less made in exchange for a post- dated cheque, a pre-authorized debit or a future payment of a similar nature but not for any guarantee, suretyship, overdraft protection or security on property and not through a margin loan, pawnbrokering, a line of credit or a credit card;
Payday loan means a loan made pursuant to the Act and this chapter prior to January 1, 2021.
Payday loan means a supervised loan or other credit transaction in which a cash advance is made to a consumer in exchange for the consumer’s personal check, or in exchange for the consumer’s authorization to debit the consumer’s deposit account, and where the parties agree either that the check will not be cashed or deposited, or that the consumer’s deposit account will not be debited, until a designated future date.
Payday loan means a short term, secured or unsecured loan, other than a title loan. A payday loan is a type of small loan. “Small Loan” means a loan of $10,000 or less that has an annual percentage rate of 10 percent or more, and is for personal, family, or household use. The term does not include a loan for the purpose of financing the purchase of a motor vehicle or any loan for real estate.