§ 5.17.020. Definitions.

As used in this chapter:

1.

"Certificate of registration" means a certificate of registration issued by the director under this article to the owner or operator of a credit access business.

2.

"Consumer" means an individual who is solicited to purchase or who purchases the services of a credit access business.

3.

"Consumer's language of preference" is the language the consumer understands best.

4.

"Credit access business" has the meaning given that term in Section 393.601 of the Texas Finance Code.

5.

"Deferred presentment transaction" has the meaning given that term in Section 393.601 of the Texas Finance Code.

6.

"Director" means the director of the department designated by the city manager, or city manager's designee, to enforce and administer this chapter.

7.

"Extension of consumer credit" has the meaning given that term in Section 393.001 of the Texas Finance Code.

8.

"Motor vehicle title loan" has the meaning given that term in Section 393.601 of the Texas Finance Code.

9.

"Person" means any individual, corporation, organization, partnership, association, financial institution, or any other legal entity.

10.

"Registrant" means a person issued a certificate of registration for a credit access business under this chapter and includes all owners and operators of the credit access business identified in the registration application filed under this chapter.

11.

"State license" means a license to operate a credit access business issued by the Texas Consumer Credit Commissioner under Chapter 393, Subchapter G of the Texas Finance Code.

(Ord. No. 17924, § 1, 1-8-2013, eff. 7-1-2013; Ord. No. 18041, § 1, 7-16-2013, eff. 1-16-2014)