47.60 CONSUMER SMALL LOANS. Subdivision 1. Definitions. For purposes of this section, the terms defined have the meanings given them: (a) “Consumer small loan” is a loan transaction in which cash is advanced to a borrower for the borrower’s own personal, family, or household purpose. A consumer small loan is a short-term, unsecured loan to […]
47.601 CONSUMER SHORT-TERM LOANS. Subdivision 1. Definitions. (a) For the purposes of this section, the terms defined in this subdivision have the meanings given. (b) “Borrower” means an individual who obtains a consumer short-term loan primarily for personal, family, or household purposes. (c) “Commissioner” means the commissioner of commerce. (d) “Consumer short-term loan” means a […]
47.602 MOTOR VEHICLE TITLE LOANS. Subdivision 1. Definitions. (a) The terms defined in this section have the meanings given them. (b) “Automobile dealer” means a dealer, as defined in section 168.002, subdivision 6, and a used motor vehicle dealer. (c) “Banking institution” means a banking institution, as defined in section 48.01, subdivision 2, and includes […]
