Title loan definition

Title loan or "loan" means a loan of money
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Title loan means a loan of $25,000 or less to a borrower, who obtains or seeks to obtain the loan for personal, family, or household purposes, that is, or is to be, secured by an interest, other than a purchase money security interest, in the borrower’s motor vehicle, and that has an original term of not more than 6 months.
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Title loan means a loan secured by an unencumbered state-issued certificate of title or certificate of ownership to personal property, with an original term of 30 days.
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Examples of Title loan in a sentence

  • PartnerRe Ltd., as Borrower By: Name: Title: loan repayable in 2008.

  • ISO 9001:2008 Certification for Foreclosure Process of the Legal Department and the process of Safekeeping and Release of Title, loan documents and accountable forms for the Custodianship Division of the Fund and Asset Management Group.

  • Title loan establishments include persons or businesses licensed under Title 45, Chapter 15, of the Tennessee Code Annotated.

  • Title loan borrowers are usually not required to show an active bank account to obtain loans, since title loans are based on thevalue of the borrower’s vehicle.In 2020, 24 companies with 343 licensed locations or 78 percent of the total, made payday- loan-look-alike “registration” loans.

  • At the end of 2019, there were 131 LoanStar Auto Title loan locations in Texas according to licensing records from the Texas Office of Consumer Credit Commissioner.TEXANS MOST HARMED BY THE PANDEMIC ARE ALSO MOST TARGETED BY PAYDAY AND AUTO TITLE LOAN BUSINESSES Payday and auto title lending in Texas disproportionately targets Black and Latino households, those with low and moderate incomes, and veterans.


More Definitions of Title loan

Title loan means a loan made to one or more natural persons by a licensee and secured by the title to a motor vehicle, which loan is not used for the purpose of purchasing the vehicle that is used as security and which loan has an originally stated repayment period of 180 days or less.
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Title loan means a loan, other than a purchase money loan, that is secured by the title to a motor vehicle that is to be paid back in a single payment, and that is made by a lender in the business of making title loans. A title loan can also be any loan that is secured, substantially equivalent to a title loan, and designated as a title loan by rule or order of the commissioner. A title loan is a type of small loan. Revised 12/2022SPECIFIC SCHEDULE INSTRUCTIONS SCHEDULE 1:
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Title loan means a Consumer Loan that was originated by the Borrower and any other Loan Party the repayment of which is secured by a perfected first or second priority security interest in a motor vehicle and, with respect to any such Consumer Loan that is secured by a second priority security interest in a motor vehicle, only in the event such security interest may be properly taken in accordance with the Requirements.
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Title loan means a loan secured by the title to a:
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Title loan means a loan, other than a purchase money loan: (a)(1) Secured by the title to a motor vehicle;
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Title loan means a loan secured by an unencumbered state-issued certificate of title or certificate
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Title loan or “loan” means a loan of money to a consumer secured by bailment of a certificate of title to a motor vehicle, except such loan made by a person licensed under chapter 516, chapter 520, chapter 655, chapter 657, chapter 658, chapter 660, chapter 663, chapter 665, or chapter 667 or a person who complies with s. 687.03.
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