Title loan definition

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.

Title loan or "loan" means a loan of money

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.

Examples of Title loan in a sentence

• Title loan lender” means a lender that is engaged in the business of making loans, at least 10 percent of which are title loans.[2010 c.23 §1] 725A.012 Application.

• Title loan companies pay a $200 investigation fee and a$1,200 license fee; renewal fees are $1,200 biennially; a reactivation fee is $600.

• Although different loan officers worked out slightly different arrangements with Genuine Title, loan officers participating in the Marketing Services Scheme did not pay for the full cost of the leads, the printing and processing of the marketing materials, or the cost of postage to mail the materials to the leads.

• In all three cases the average rating was above 3, indicating same as ATC or better.

• Nontraditional work- ers, including residential construction workers, are often employed by these small construction companies, independent contractors, or subcontractors to work for a fixed period of time on a given project, with little continuity from one project to the next in terms of supervisors, coworkers, or organizational safety standards.

More Definitions of Title loan

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.

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:

Title loan means a loan for a consumer purpose that is secured by a nonpurchase money security interest in titled personal property and that is scheduled to be repaid in either a single installment or in multiple install- ments that are not fully amortized. Title loans are regulated consumer loans and, except as otherwise provided in this part, all provisions of the Idaho credit code relating to regulated consumer loans apply to title loans and to persons engaged in the business of making title loans.

Title loan means a loan secured by an unencumbered state-issued certificate of title or certificate

Title loan means a loan, other than a purchase money loan: (a)(1) Secured by the title to a motor vehicle;

Title loan means a loan secured by the title to a:

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.