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
Govdysh, Alexander, “Check Cashing & Payday Loan Services in the U.S.,” IBISWorld, November 2023.
An individual borrowed $500 as a Payday Loan and the Finance Charge was $110.
Payday Loan Choices and Consequences // Vanderbilt Law and Economics Research Paper.
More Definitions of Payday loan
Payday loan means a payday loan as defined by state law.
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 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 of not more than $50,000, other than a purchase money loan, in which:
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.