Payday loan definition

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

  • Daily Mail, 6 March 2013, Payday loan firms told to clean up their act or face closure: Companies given 12 weeks to sort practices.

  • Should your child become ill while in the program you will be contacted to please pick your child up immediately.

  • Payday loan access does appear to increase the probability of separating for drug or alcohol abuse, though the effect is small.

  • Payday loan access decreases the likelihood of an involuntary separation by 0.99 percentage points among those with a high school diploma.

  • Borrower on Payday loan was sued by Payday Lender in Small Claims Court, We filed Answer alleging illegal loans, and Counterclaims under TILA, Negligence and UDAP based upon gross violations of Payday Loan statutes.


More Definitions of Payday loan

Payday loan means any advancement of money with a principal of $1500 or less and a term of 62 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 or "loan" means a loan with a finance charge
Payday loan means a payday loan as defined by state law.
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 a loan of not more than $50,000, other than a purchase money loan, in which:
Payday loan means a loan made pursuant to the Act and this chapter prior to January 1, 2021.
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.