Payday loan means a small, short-maturity loan on the security of (i) a check, (ii) any form of

Payday loan means any of the following:

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;

Examples of Payday loan in a sentence

Payday loan access does not appear to have economic- ally or statistically significant effects on the aggregate bal- ances in a collection status or for the credit scores, reinforcing our main findings.
Payday loan access does have a positive effect on credit scores that is statistically significant; however, the coefficient size of 3.43 represents only a 0.5% effect.
Payday loan access does appear to increase the probability of separating for drug or alcohol abuse, though the effect is small.
Payday loan employees were “non- judgmental,” many participants said, while bank employees looked down on low-income people.
This includes an absolute prohibition on: • Payday loan shops and associated financial services - excluding not for profit co-operatives whose purpose is to provide affordable financial services for members of the local community• Betting and gambling shops• Amusement arcades.

More Definitions of Payday loan

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 or "loan" means a loan with a finance charge

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 a loan of not more than $50,000, other than a purchase money loan, in which:

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.