§ 4-12-1. DEFINITIONS.

In this chapter:

(A)

CERTIFICATE OF REGISTRATION means a certificate of registration issued by the Director under this chapter to the owner or operator of a credit access business.

(B)

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

(C)

CREDIT ACCESS BUSINESS has the same meaning as defined in Section 393.601 of the Texas Finance Code.

(D)

DEFERRED PRESENTMENT TRANSACTION has the same meaning as defined in Section 393.601 of the Texas Finance Code.

(E)

DIRECTOR means, for purposes of this chapter, the Director of the department designated by the city manager to enforce and administer this Chapter.

(F)

EXTENSION OF CONSUMER CREDIT has the same meaning as defined in Section 393.001 of the Texas Finance Code.

(G)

MOTOR VEHICLE TITLE LOAN has the same meaning as defined in Section 393.601 of the Texas Finance Code.

(H)

OWNER means, for purposes of this chapter, any person who directly or indirectly owns a credit access business. For publicly traded companies, the term means any person who directly or indirectly owns or controls 10% or more of the outstanding shares of stock in the credit access business.

(I)

PERSON means, for purposes of this chapter, any individual, corporation, organization, partnership, association, financial institution, or any other legal entity, but does not include the City.

(J)

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.

(K)

STATE LICENSE means a license to operate a credit access business issued by the Texas Consumer Credit Commissioner under Chapter 393 of the Texas Finance Code.

Source: Ord. 20110818-075.