R.I. Gen. Laws and regulations § step one9-14-1
Unless of course if not given, the next terms and conditions should feel the adopting the definitions during sections fourteen, 14.step one, fourteen.2, fourteen.3, 14.4, fourteen.6, 14.8, , and of this name:
(1) „Real staff member” will indicate an employee off a licensee whom work under the supervision and supervision of your own licensee.
(2) „Check” form one have a look at, write, money order, individual currency acquisition, or other appliance to your sign or commission of money. „Look at cashing” form bringing money to have checks.
(3) „Have a look at casher” mode one or entity which or one, to have payment, engages, entirely or even in area, on the market off cashing checks.
(ii) Finding money otherwise monetary value to have alert otherwise carrying fund incidental to transmission when you look at the You or perhaps to places overseas because of the all function, including percentage means, stored worthy of, cable, fax, or digital transfer, priily, or family intentions. This consists of keeping control of virtual money otherwise transactions within the virtual money on the behalf of someone else.
Section 14Licensed Affairs
(5) „Deferred-deposit exchange” setting one purchase, such as those often called „payday loans,” „payday advances,” or „deferred-presentment finance,” in which an advance loan was designed to a customers in change to the customer’s individual see or perhaps in change into the user’s agreement to debit the brand new owner’s put account and you can in which the activities agree possibly that see won’t be cashed or transferred, or that owner’s deposit account will not be debited up until a selected future big date.
(7) „Deliver” ways to deliver a check on the earliest person that, in the payment to the check, can make, or purports and make, a remittance out of, or against, see your face level of the new view, if the deliverer and additionally charge a charge simultaneously on the face count and you may whether the deliverer signs the newest check.
(8) „Premium financing agreement” form an agreement by which a covered, otherwise possible insured, intends to pay to help you an insurance premium monetary institution the amount state-of-the-art, or to end up being cutting-edge, underneath the contract so you can a keen insurance provider or perhaps to an insurance coverage music producer, for the percentage of a paid, or superior, with the an insurance bargain, or contracts, together with appeal and a help costs, as the subscribed and you can limited to which label.
(9) „Advanced finance company” means one otherwise organization engaged in the organization of creating top funds agreements otherwise obtaining cost loans arrangements regarding other insurance premium boat finance companies.
(10) (i) „Lender” mode anyone which makes or fund financing in this condition into man or woman’s very own finance, no matter whether anyone ‘s the moderate mortgagee or collector for the means evidencing the loan;
(B) A credit card applicatoin for a financial loan was pulled by a worker, agent, otherwise associate of one’s lender inside condition;
(iii) The definition of „lender” shall include individuals engaged in a deal whereby the latest people helps make otherwise funds that loan in this condition utilizing the proceeds regarding an advance less than a personal line of credit max cash title loans more than hence proceeds the person enjoys dominion and handle and for the installment where the individual try for any reason responsible. Which purchase is not a dining table-financing purchase. You’re considered to have dominion and you can power over the fresh new proceeds out-of a progress below a line of credit familiar with loans a loan whether or not:
(A) The individual get, contemporaneously which have, or quickly following, the fresh investment of one’s loan, designate or send on credit line lender that or much more loans financed of the continues off a progress towards the individual in personal line of credit;