Regulated loan means a loan made by a licensee acting under the terms of the Iowa regulated loan Act. A regulated loan qualifies as a consumer loan subject to the Iowa Consumer Credit Code if the borrower is a person other than an organization; the debt is incurred for personal, family, or household use; and the amount financed is below the statutory threshold.
Regulated loan means a loan made by a creditor regularly engaged in the business of making loans in which the debt is payable in installments or a finance charge is made.” (Ibid. [38])
Regulated loan means a loan made by a creditor regularly engaged in the business of making loans in which the debt is payable in installments or a finance charge is made. A "regulated loan" does not include a sale in which the seller allows the buyer to purchase pursuant to a seller credit card.
Examples of Regulated loan in a sentence
The annual license fees are: Regulated loan license Receivables < $100,000 $100Receivables > $100,001 $200Pawnshop license $100 These fees were established in 1967 and 1971 and have never been amended since those dates.
Regulated loan, pawnshop, and pawnshop employee license applications are processed and the respective licenses are issued by this section.
More Definitions of Regulated loan
Regulated loan means any loan or extension of credit made under § 6.2-312, Chapter 15