§ 5-11-2. Definitions.

As used in this Chapter:

(a)

Certificate of registration means a certificate of registration issued by the Director under this Chapter to person who acts, operates, or conducts business as a credit access business.

(b)

City means the City of Midland, Texas.

(c)

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

(d)

Consumer's language of preference means the language the consumer understands best.

(e)

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

(f)

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

(g)

Director means the City of Midland Director of Development Services or his or her designee.

(h)

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

(i)

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

(j)

Municipal Court means the City of Midland Municipal Court.

(k)

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

(l)

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

(m)

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. 9274, § 1, 6-17-14 )