§ 19-412. Definitions.  


Latest version.
  • Payday loan business shall refer to any business regulated by K.S.A. 16A-2-404, as the same may be amended from time to time.

    Title loan business shall refer, except as provided below, to a consumer loan transaction, including a loan made pursuant to K.S.A. 16-706 et seq., and amendments thereto, secured by a vehicle. It shall not include a purchase money consumer loan or a loan made pursuant to K.S.A. 16A-2-401 subsection (2), and amendments thereto.

    Vehicle , for purposes of this section, means every device in, upon or by which any person or property is or may be transported or drawn upon a public highway and the ownership of which is evidenced by a certificate of title.

(Ord. No. O-80-08, § 1, 11-20-2008)