(a) “Appropriate law enforcement agency” means the sheriff of each county in which the licensee maintains an office, or the police chief of the municipality in which the licensee maintains an office, or law enforcement officers of the Department of Public Safety.
(b) “Attorney General” means the Attorney General of the State of Mississippi.
(c) “Commissioner” means the Mississippi Commissioner of Banking and Consumer Finance, or his designee, as the designated official for the purpose of enforcing this article.
(d) “Credit availability account” means all credit availability transactions held in the name of a single person through a single licensee or, if a secured transaction and the property is jointly owned, the names of the persons who jointly own the property that is being used as security for the transaction. That person or those persons shall be the “account holder” or “account holders.”
(e) “Credit availability transaction” means a transaction whereby a credit availability licensee provides a consumer with a fully amortized loan, secured or unsecured, payable in substantially equal payments due monthly, or on any other schedule mutually agreed upon by the licensee and the consumer, over an overall term of four (4) to twelve (12) months, calculated on the amount initially disbursed to the account holder or holders plus any fees that may be charged in an amount and manner provided for under this article.
(f) “Department” means the Department of Banking and Consumer Finance.
(g) “Licensee” means any individual, partnership, association or corporation duly licensed by the Department of Banking and Consumer Finance to engage in the business of providing credit availability transactions under this article.
(h) “Month” means the calendar month beginning on and including the date of the credit availability transaction.
(i) “Person” means an individual, partnership, corporation, joint venture, trust, association or any legal entity, however organized.
(j) “Written” and “writing” includes communication of information in an electronic record consistent with the federal Electronic Signatures in Global and National Commerce (E-SIGN) Act, 15 USC Section 7001 et seq.
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