Title 5 - Business Licenses and Regulations

5.72.020 Definitions.

The term "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. The term "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 subsection (2) of K.S.A. 16a-2-401 and amendments thereto. The term "Vehicle," for the 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.

(History: Ord. PDL-2655 §1, 2007)

Effective on: 1/1/1901