Payday Loans definition

Payday Loans means small, short-term, retail loans provided by the Borrower and its Consolidated Subsidiaries (other than ACE Funding) which consist of providing a consumer cash in exchange for the consumer's pay check (endorsed to the order of the Borrower) or an ACH authorization to debit a consumer's bank account, along with an agreement to defer the presentment or deposit of such check, or the initiation of the applicable ACH debit on such consumer's bank account, as the case may be, until the consumer's next payday.
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Payday Loans means Receivables arising out of loans or advances that can be characterized or classified by the CFPB as a “payday loan”, a “cash advance loan”, a “check loan”, a “title loan” or a “short term personal loan”.
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Payday Loans means all loans in which any Borrower holds a personal check from the account debtor for payment of such loan; provided, however, “Payday Loans” shall not include payment arrangements by Borrowers’ obligors such as post-dated checks, ACH transactions that are scheduled for a future date, or recurring ACH transactions.
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Examples of Payday Loans in a sentence

  • All Pawn Loans and Payday Loans are in compliance with the laws of the appropriate regulating authorities and are documented pursuant to contracts which comply with such laws.

  • Other themes which explain bank lending decisions include Mission, Service Activities, Mitigate Risk, Allows Leveraging and Payday Loans.

  • Products offered in the industry at a store may include: Check Cashing, Money Orders, Money Wires, Payday Loans, Lottery Ticket Sales, Tax Preparation, Fax, Copies and Notary, Utility (and other) ▇▇▇▇ payments and Prepaid Phone Cards.

  • Payday Loans, Installment Loans and other types of short term lending is meant to provide short term financing and should not be considered a long term financial solution.

  • Before the Closing Date, Purchasers will verify the existence and authenticity of Inventory, Pawn Loans, collateral securing Pawn Loans and Payday Loans at the Locations using its own staff.

  • Speedy Cash Payday Loans offers payday loans with loan fees ranging from.

  • Aussie Home Loans FranchiseAussie Home Loans FranchiseAussie Home Loans Franchise The Evolution of Payday Loans It appears to be that dollars loan.

  • The Federal Trade Commission has conducted an investigation of certain acts and practices of ▇▇▇▇▇▇▇▇ Payday Loans, a sole proprietorship owned by ▇▇▇▇▇▇ ▇▇▇▇▇ ("proposed respondent").

  • TeleCheck does not warrant any Payday Loans or Convenience Checks.

  • The preceding themes of Mission, Service Activities, Mitigate Risk, Allows Leveraging and Payday Loans have added to the understanding of how institutions decide which BEA investments to make, in addition to considerations regarding meeting CRA requirements, and the investment’s eligibility for BEA.