Refund anticipation loan definition

Refund anticipation loan means an extension of credit to a taxpayer that a person arranges to be repaid directly from the proceeds of the taxpayer's federal or state personal income tax refund.

Refund anticipation loan means a loan that is secured by or that the creditor arranges to be repaid directly or indirectly from the proceeds of the consumer's income tax refund or tax credits. A refund anticipation loan also includes any sale, assignment or purchase of a consumer's tax refund at a discount or for a fee, whether or not the consumer is required to repay the buyer or assignee if the federal Internal Revenue Service reduces the consumer's tax refund.

Refund anticipation loan or “RAL” shall mean a loan to a Customer based upon, among other things, the Customer’s anticipated federal income tax return refund (as identified in IRS Form 8453 or similar form), subject to any limitations that may be imposed thereon due to the application of certain underwriting criteria or other factors.

Examples of Refund anticipation loan in a sentence

• As used in this article ARTICLE 9.5, unless the context otherwise requires:(6) (b) "Refund anticipation loan facilitator" does not include a person validly: (III) Licensed as an attorney by the Colorado supreme court in accordance with section 12-5-101,C.R.S. SECTION 13-93-101.

• A loan that the creditor arranges to be repaid4 directly from the proceeds of the debtor's income tax refund.5 (9) Refund anticipation loan fee.

• Each of these chapters includes a registration requirement, disclosure requirements, and limitations on finance charges and fees. Refund anticipation loan facilitators: These businesses assist consumers in obtaining loans from third-party lenders based on the consumer’s anticipated federal income tax refund.

• As used in this article ARTICLE 9.5, unless the context otherwise requires: (6) (b) "Refund anticipation loan facilitator" does not include a person validly: (III) Licensed as an attorney by the Colorado supreme court in accordance with section 12-5-101,C.R.S. SECTION 13-93-101.

• The following TDM-supporting features should be incorporated into theProject’s design and to the extent possible or appropriate shown on the Project at Sketch Plan:• Building Frontage.

More Definitions of Refund anticipation loan

Refund anticipation loan means an agreement under which a creditor arranges to be repaid for a loan directly from the proceeds of a customer’s income tax refund.

Refund anticipation loan means a loan made to a Colorado consumer based on the Colorado consumer's anticipated income tax refund.

Refund anticipation loan means a loan that is secured by

Refund anticipation loan means a loan or any other extension of credit, whether provided by the tax preparer or another entity such as a financial institution, in anticipation of, and whose payment is secured by, a client's federal or state income tax refund or both.

Refund anticipation loan means a loan that the lender arranges to be repaid directly

Refund anticipation loan means a loan that the lender arranges to be repaid directly from the proceeds of the taxpayer’s federal or state personal income tax refund.

Refund anticipation loan or "RAL" means any loan a taxpayer may receive against his or her anticipated income tax refund.