Section 28-46-506 – RENEWAL OF TITLE LOAN AGREEMENTS.
28-46-506. RENEWAL OF TITLE LOAN AGREEMENTS. (1) Title loan agreements shall not exceed thirty (30) days in length. However, such agreements may provide for renewals, which may occur automatically, unless one (1) of the following has occurred: (a) The debtor has paid all principal and finance charges due in accordance with the title loan agreement; […]
Section 28-46-507 – DEFAULT.
28-46-507. DEFAULT. (1) Before exercising any of its rights upon a default by a debtor under a title loan agreement, the title lender shall mail a "Notice to Cure Default" to the debtor at the debtor’s last address shown in the title lender’s file, notifying the debtor that the debtor has ten (10) days from […]
Section 28-46-508 – PROHIBITED ACTIONS.
28-46-508. PROHIBITED ACTIONS. No title lender licensee under this part or person required under this part to have such license shall: (1) Enter into a title loan agreement with a person less than eighteen (18) years of age, or with anyone who appears to be intoxicated; (2) Make any agreement giving the title lender any […]
Section 28-46-114 – JURY TRIAL.
28-46-114. JURY TRIAL. The administrator has no right to trial by jury in an action brought by him under this act. History: [28-46-114, added 1983, ch. 119, sec. 3, p. 305.]
Section 28-46-408 – REPORTS TO ADMINISTRATOR.
28-46-408. REPORTS TO ADMINISTRATOR. Within fifteen (15) days of the occurrence of any of the events listed below, a licensee shall file a written report with the administrator describing such events and their expected impact on the activities of the licensee in the state: (1) The filing for bankruptcy or reorganization by the licensee; (2) […]
Section 28-46-115 – DEBTORS’ REMEDIES NOT AFFECTED.
28-46-115. DEBTORS’ REMEDIES NOT AFFECTED. The grant of powers to the administrator in this chapter does not affect remedies available to debtors under this act or under other principles of law or equity. History: [28-46-115, added 1983, ch. 119, sec. 3, p. 306.]
Section 28-46-409 – RECORDS — ANNUAL REPORTS.
28-46-409. RECORDS — ANNUAL REPORTS. (1) Every licensee shall maintain records in conformity with generally accepted accounting principles and practices in a manner that will enable the administrator to determine whether the licensee is complying with the provisions of this act. The recordkeeping system of a licensee shall be sufficient if he makes the required […]
Section 28-46-116 – VENUE.
28-46-116. VENUE. The administrator may bring actions or proceedings in a court in a county in which an act on which the action or proceeding is based occurred or in a county in which the respondent resides or transacts business. History: [28-46-116, added 1983, ch. 119, sec. 3, p. 306.]
Section 28-46-410 – EXAMINATIONS AND INVESTIGATIONS.
28-46-410. EXAMINATIONS AND INVESTIGATIONS. (1) The administrator shall examine periodically, at intervals he deems appropriate, the loans and business records of every payday lender. In addition, for the purpose of discovering violations of this act or securing information lawfully required, the administrator may at any time investigate the loans, business and records of any payday […]
Section 28-46-301 – AUTHORITY TO MAKE REGULATED CONSUMER LOANS — EXEMPTION FROM LICENSING.
28-46-301. AUTHORITY TO MAKE REGULATED CONSUMER LOANS — EXEMPTION FROM LICENSING. (1) The administrator shall receive and act on all applications for licenses to make regulated consumer loans under this act. Applications shall be filed in the manner prescribed by the administrator and shall contain such information as the administrator may reasonably require. Unless a […]