The business relies heavily on maximizing the number of loans made from each store, all of which operate with relatively fixed costs. Tautologically, we find that high-frequency borrowers account for a disproportionate share of a payday store's loans and profits. However, we find no evidence ...
arrangingoractingasanagentinthemakingofloans31ofThreeThousandDollars($3,000.00)orlessunless:32S.B.No.2666*SS01/R448*11/SS01/R448PAGE2(a)Suchpersonisengaginginfinancialtransactions33permittedpursuantto:34(i)Title81,MississippiCodeof1972;35(ii)Thelawsregulatingthesaleofchecks,36Section75-15-1etseq....
(ii)Thelawsregulatingthesaleofchecks,36 Section75-15-1etseq.;37 (iii)Chapter17ofTitle75,relatingtointerest38 andusury,andrevolvingchargeagreements;39 (b)Suchloansarelawfulunderthetermsof:40 (i)Chapter19ofTitle63,the"MotorVehicle 41 Sales Finance Law"; 42 ...