Section 352.001 - Definitions In this chapter:
(1) "Borrower" means an individual who receives the proceeds of a refund anticipation loan.(2) "Facilitator" means a person who processes, receives, or accepts for delivery an application for a refund anticipation loan, delivers a check in payment of refund anticipation loan proceeds, or in any other manner acts to allow the making of a refund anticipation loan.(3) "Lender" means a person who extends credit to a borrower in the form of a refund anticipation loan.(4) "Refund anticipation loan" means a loan borrowed by a taxpayer based on the taxpayer's anticipated federal income tax refund.(5) "Refund anticipation loan fee" means a fee imposed or other consideration required by the facilitator or the lender for a refund anticipation loan. The term does not include a fee usually imposed or other consideration usually required by the facilitator in the ordinary course of business for services not related to the making of loans, including a fee imposed for tax return preparation or for the electronic filing of a tax return.Renumbered from Finance Code, Section 351.001 by Acts 2009, 81st Leg., R.S., Ch. 87, Sec. 27.001(17), eff. 9/1/2009.Added by Acts 2007, 80th Leg., R.S., Ch. 135, Sec. 1, eff. 9/1/2007.