"Short term loan establishment" means a business engaged in providing short term loans of money of an original term of less than 31 days, with or without security given by the borrower or with or without a comaker, guarantor, endorser or surety, to members of the general public as an element of its operation and which is not a bank or a savings and loan association. Short term loan establishments shall include businesses offering what is, or is marketed as, payday loans, signature loans, title (to vehicles, boats or other personal property, but not real estate) loans, check cashing loans, small loans and other similar loans; but, does not include pawnshops.
(Ord. 8-2013. Passed 2-26-13.)