(A) No licensee shall take a confession of judgment or a power of attorney from any borrower during the time the relationship of lender and borrower exists between said parties.
(B) No licensee shall ask for and receive any note, promise to pay or security which does not state the actual amount of the loan, the term for which it is made, and the rate of interest charged.
(C) No licensee shall ask for or receive from a prospective borrower any written instrument pertaining to the small loan involved, which has not been completely executed and on which blank spaces are unfilled.
('72 Code, § 27-7)
(D) (1) No assignment of or order for the payment of any salary, wages, commissions or other compensation for services, earned or to be earned, given to secure any such loans, shall be valid unless the amount of such loan is paid to the borrower simultaneously with its execution; nor shall any such assignment or order, or any chattel mortgage or other lien on household furniture then in the possession and use of the borrower be valid unless it be in writing, signed in person by the borrower; or, if the borrower is married, unless it be signed in person by both husband and wife; provided, that written assent of a spouse shall not be required when husband and wife have been living separate and apart for a period of at least five months prior to such assignment, order, mortgage or lien.
(2) Under any such assignment or order for the payment of future salary, wages, commissions or other compensation for services given as security for a loan made under this chapter, a sum equal to 10% of the borrower's salary, wages, commissions or other compensation for services shall be collectible from the employer of the borrower by the licensee at the time of each payment of salary, wages, commissions or other compensation for services from the time that a copy of such assignment, verified by the oath of the licensee or his agent, together with a similarly verified statement of the amount unpaid upon such loan, is served upon the employer.
('72 Code, § 27-8)
(E) No person shall print, publish or distribute, or cause to be printed, published or distributed in any manner whatsoever, any written or printed statement with regard to the rates, terms or conditions for the lending of money, credit, goods or things in action, in an amount of $600 or less, which is false or calculated to deceive. ('72 Code, § 27-9)
(Ord. 677, passed - - ) Penalty, see § 125.99