16-7-5-2: DEFINITION:
PAYDAY LENDER: A company that: a) accepts a check dated subsequent to the date it was written; and/or b) accepts a check on the date it was written and holds the check for a period of time prior to deposit or presentment pursuant to an agreement with, or any representations made to, the maker of the check, whether expressed or implied. (Ord. 46-14, 7-21-2014)