§ 120.01 PURPOSE.
   The city finds that, in order to minimize the detrimental effects that certain payday lending practices have on individuals and families, payday lenders should be limited to three in the city. This chapter shall be construed in conformity with the laws and regulations of the state.
(1960 Code, § 7-24-1) (Ord. 7035, passed 9-17-2007)