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 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.
Title loan or "loan" means a loan of money
Examples of Title loan in a sentence
Title loan brokerage activities and most often the ca bre license no force as loan.
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, 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 means a loan secured by an unencumbered state-issued certificate of title or certificate
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.