32-5-102. Definitions. Unless the context requires otherwise, in this chapter, the following definitions apply:
     (1) (a) "Consumer loan" means credit offered or extended to an individual primarily for personal, family, or household purposes, including loans for personal, family, or household purposes that are secured by a mortgage, deed of trust, trust indenture, or other security interest in real estate.
     (b) Consumer loans do not include loan transactions that are governed by 12 U.S.C. 1735f-7a, but a consumer loan business may engage in transactions that are governed by 12 U.S.C. 1735f-7a.
     (2) "Consumer loan business" means the business of making consumer loans as a licensee under this chapter.
     (3) "Department" means the department of commerce provided for in Title 2, chapter 15, part 18.
     (4) "License" means one or both of the licenses provided for by this chapter.
     (5) "Licensee" means the person holding a license.
     (6) "Person" means individuals, partnerships, associations, corporations, and all legal entities in the loaning business.

     History: En. Sec. 2, Ch. 283, L. 1959; amd. Sec. 1, Ch. 233, L. 1971; amd. Sec. 1, Ch. 172, L. 1975; amd. Sec. 110, Ch. 431, L. 1975; R.C.M. 1947, 47-202; amd. Sec. 1, Ch. 216, L. 1979; amd. Sec. 2, Ch. 274, L. 1981; amd. Sec. 1, Ch. 424, L. 1981; amd. Sec. 1, Ch. 140, L. 1983; amd. Sec. 1, Ch. 374, L. 1997.