small loan act

small loan act
A statute regulating the business of those who make small loans on conditional sale contracts, chattel mortgages, pledges, or assignments of wages. A statute regulating the business of pawnbrokers. 40 Am J1st Pawnb §§ 8, 9. A uniform statute regulating the small loan business. Madison Personal Loan v Parker (CA2 NY) 124 F2d 143.

Ballentine's law dictionary. . 1998.

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