A. Location: No short term loan business shall be located within one thousand feet (1,000') of another short term loan business or within six hundred sixty feet (660') of a pawnbroker or sexually oriented business.
B. Measurements: Distances shall be measured in a straight line, without regard to intervening structures or zoning districts, from the property line of each business to the closest property boundary of the short term loan business, pawnbroker or sexually oriented business.
C. Number Allowed: The total number of short term loan businesses allowed in the City shall be limited to no more than fifteen (15).
D. Zoning: Short term loan businesses shall only be allowed in areas zoned for their use pursuant to the zoning ordinance. When allowed within a zoning district, a short term loan business may only be located on the following streets: Harrison Boulevard, Washington Boulevard, Wall Avenue, 12th Street, and Riverdale Road.
E. Disclosure Signs: Each short term loan business shall post a sign with solid black lettering on a white background, in 50-point, nonitalicized, bold arial typeface designed to achieve a letter height of at least one-half inch (1/2"), in the English and Spanish languages, at every public entrance to the business bearing the following disclosure:
DISCLOSURE REQUIRED BY OGDEN CITY
THIS BUSINESS SPECIALIZES IN MAKING LOANS FOR SHORT-TERM NEEDS.
THESE LOANS SHOULD NOT BE USED AS A LONG-TERM FINANCIAL SOLUTION.
THIS BUSINESS SPECIALIZES IN MAKING LOANS FOR SHORT-TERM NEEDS.
THESE LOANS SHOULD NOT BE USED AS A LONG-TERM FINANCIAL SOLUTION.
DIVULGACIÓN REQUERIDA POR LA CIUDAD DE OGDEN
ESTE NEGOCIO SE ESPECIALIZA EN LA TOMA DE PRÉSTAMOS PARA LAS NECESIDADES A CORTO PLAZO.
STOS PRÉSTAMOS NO DEBEN UTILIZARSE COMO UNA SOLUCIÓN FINANCIERA A LARGO PLAZO.
ESTE NEGOCIO SE ESPECIALIZA EN LA TOMA DE PRÉSTAMOS PARA LAS NECESIDADES A CORTO PLAZO.
STOS PRÉSTAMOS NO DEBEN UTILIZARSE COMO UNA SOLUCIÓN FINANCIERA A LARGO PLAZO.
The disclosure signs required by this section may be provided by the city, shall face the entrance to the business, and shall be placed either on the interior surface of the door so that the top edge of the sign is between forty eight inches (48") and seventy two inches (72") from the entrance threshold (measured vertically) or shall be located directly behind the entry door without any intervening obstruction, between forty eight inches (48") and seventy two inches (72") from the floor (measured vertically), as near to the entry door as is allowed by the current building code adopted by Ogden City. Existing short term loan businesses shall post the disclosure signs no later than July 1, 2010.
F. Additional Disclosures: If not otherwise required by state or federal law, a short term loan business shall:
1. Post in a conspicuous location on its premises that can be viewed by a person seeking a short term loan a complete schedule of any interest or fees charged using dollar amounts;
2. Enter into a written contract for the short term loan;
3. Provide the person seeking the short term loan a copy of the written contract described in subsection F2 of this section; and
4. Orally review with the person seeking the short term loan the terms of the short term loan including:
a. The amount of any interest rate or fee;
b. The date on which the full amount of a short term loan is due;
5. Comply with the following as in effect on the date the short term loan is extended:
a. Truth in lending act, 15 USC section 1601 et seq., and its implementing federal regulations;
b. Equal credit opportunity act, 15 USC section 1691, and its implementing federal regulations;
c. Bank secrecy act, 12 USC sections 1829b, 1951 through 1959, and 31 USC sections 5311 through 5332, and its implementing regulations; and
d. Title 70C, Utah consumer credit code.
(Ord. 2013-6, 1-22-2013)