“Payday financing” defined; legislative findings; forbidden task; no impairment of agencies with concurrent jurisdiction
The scope of this chapter, “payday lending” as used in this chapter encompasses all transactions in which funds are advanced to be repaid at a later date, notwithstanding the fact that the transaction contains one or more other elements and a “payday lender” shall be one who engages in such transactions without limiting in any manner. This concept of “payday financing” expressly includes the exceptions and examples found in subsections
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