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(A) This chapter may be known and cited as "Credit Access Businesses Regulation."
(B) The purpose of this chapter is to protect the welfare of the citizens of the city by monitoring credit access businesses in an effort to reduce abusive and predatory lending practices. To this end, this chapter establishes a registration program for credit access businesses, imposes restrictions on extensions of consumer credit made by credit access businesses, and imposes recordkeeping requirements on credit access businesses.
(Ord. 14-1216A, passed 12-16-2014)