R.We. Gen. Legislation § 19-14-step 1
Unless of course otherwise given, next terms shall feel the after the definitions throughout sections fourteen, 14.1, 14.dos, fourteen.3, 14.4, 14.6, 14.8, , and of which identity:
(1) “Genuine personnel” will suggest an employee from a good licensee which work underneath the supervision and oversight of licensee.
(2) “Check” means one look at, write, money purchase, individual currency order, and other device with the sign or percentage of cash. “See cashing” function bringing money to own checks.
(3) “Check casher” setting a person otherwise entity just who otherwise that, having settlement, engages, entirely or even in region, in the business from cashing inspections.
(ii) Receiving currency otherwise value having alert otherwise holding finance incidental so you can signal into the United states or even to towns and cities abroad by every setting, in addition to fee software, kept well worth, wire, fax, otherwise digital transfer, priily, or family intentions. This consists of maintaining control over digital money or transactions in digital money with respect to other people.
Section 14Licensed Issues
(5) “Deferred-deposit transaction” form one transaction, like those often called “cash advance,” “payday cash,” otherwise “deferred-presentment loans,” where an advance loan was created to a customer for the replace toward customer’s personal have a look at or even in replace to your owner’s authorization to debit the customer’s put membership and in which the functions concur both that examine will not be cashed or transferred, otherwise the owner’s put account won’t be debited up to a designated upcoming time.
(7) “Deliver” methods to deliver a check toward very first person that, inside percentage towards the examine, produces, or purports while making, good remittance out of, otherwise up against, the face quantity of the new take a look at, whether or not the deliverer together with costs a fee on the other hand towards deal with count and you may perhaps the deliverer signs the latest look at.
(8) “Advanced fund contract” mode an agreement whereby an insured, or potential covered, intends to spend in order to an insurance coverage superior finance company the quantity complex, or even be advanced, according to the contract so you’re able to an insurer or even an insurance coverage manufacturer 
, inside the payment out-of a premium, otherwise premiums, on an insurance deal, or agreements, and additionally desire and you will a service costs, because the licensed and you may limited to so it label.
(9) “Premium monetary institution” function one otherwise entity involved with the company of developing cost money plans otherwise obtaining premium finance arrangements out-of almost every other advanced finance companies.
(10) (i) “Lender” setting any individual whom helps make otherwise finance financing inside county toward individuals very own funds, it doesn’t matter if anyone ‘s the affordable mortgagee or collector to the tool evidencing the borrowed funds;
(B) A credit card applicatoin for a loan was taken by the an employee, agent, otherwise affiliate of one’s financial within this condition;
(iii) The word “lender” should additionally include anybody engaged in a deal where this new person helps make or fund a loan within county utilizing the continues from a progress lower than a personal line of credit more than and that continues the person has actually dominion and you may control and for the cost where the individual is unconditionally responsible. Which transaction isn’t a desk-resource exchange. One is deemed to own dominion and you can command over the brand new proceeds out of an advance lower than a credit line always funds that loan it doesn’t matter if:
(A) The person will get, contemporaneously which have, otherwise shortly following the, new financial support of the financing, designate otherwise submit into personal line of credit financial one to or more loans financed of the continues away from a progress into the people under the credit line;