367.500. As used in sections 367.500 to 367.533, unless the contextotherwise requires, the following terms mean:
(1) "Borrower", a person who borrows money pursuant to a title loanagreement;
(2) "Capital", the assets of a person less the liabilities of thatperson. Assets and liabilities shall be measured according to generallyaccepted accounting principles;
(3) "Certificate of title", a state-issued certificate of title orcertificate of ownership for personal property;
(4) "Director", the director of the division of finance or itssuccessor agency;
(5) "Person", any resident of the state of Missouri or any businessentity formed under Missouri law or duly qualified to do business inMissouri;
(6) "Pledged property", personal property, ownership of which isevidenced and delineated by a title;
(7) "Title lender", a person qualified to make title loans pursuantto sections 367.500 to 367.533 who maintains at least one title lendingoffice within the state of Missouri, which office is open for the conductof business not less than thirty hours per week, excluding legal holidays;
(8) "Title lending office" or "title loan office", a location atwhich, or premises in which, a title lender regularly conducts business;
(9) "Title loan agreement", a written agreement between a borrowerand a title lender in a form which complies with the requirements ofsections 367.500 to 367.533. The title lender shall perfect its lienpursuant to sections 301.600 to 301.660, RSMo, but need not retain physicalpossession of the titled personal property at any time; and
(10) "Titled personal property", any personal property excludingproperty qualified to be a personal dwelling the ownership of which isevidenced by a certificate of title.
367.500. As used in sections 367.500 to 367.533, unless the contextotherwise requires, the following terms mean:
(1) "Borrower", a person who borrows money pursuant to a title loanagreement;
(2) "Capital", the assets of a person less the liabilities of thatperson. Assets and liabilities shall be measured according to generallyaccepted accounting principles;
(3) "Certificate of title", a state-issued certificate of title orcertificate of ownership for personal property;
(4) "Director", the director of the division of finance or itssuccessor agency;
(5) "Person", any resident of the state of Missouri or any businessentity formed under Missouri law or duly qualified to do business inMissouri;
(6) "Pledged property", personal property, ownership of which isevidenced and delineated by a title;
(7) "Title lender", a person qualified to make title loans pursuantto sections 367.500 to 367.533 who maintains at least one title lendingoffice within the state of Missouri, which office is open for the conductof business not less than thirty hours per week, excluding legal holidays;
(8) "Title lending office" or "title loan office", a location atwhich, or premises in which, a title lender regularly conducts business;
(9) "Title loan agreement", a written agreement between a borrowerand a title lender in a form which complies with the requirements ofsections 367.500 to 367.533. The title lender shall perfect its lienpursuant to sections 301.600 to 301.660, RSMo, but need not retain physicalpossession of the titled personal property at any time; and
(10) "Titled personal property", any personal property excludingproperty qualified to be a personal dwelling the ownership of which isevidenced by a certificate of title.
367.500. As used in sections 367.500 to 367.533, unless the contextotherwise requires, the following terms mean:
(1) "Borrower", a person who borrows money pursuant to a title loanagreement;
(2) "Capital", the assets of a person less the liabilities of thatperson. Assets and liabilities shall be measured according to generallyaccepted accounting principles;
(3) "Certificate of title", a state-issued certificate of title orcertificate of ownership for personal property;
(4) "Director", the director of the division of finance or itssuccessor agency;
(5) "Person", any resident of the state of Missouri or any businessentity formed under Missouri law or duly qualified to do business inMissouri;
(6) "Pledged property", personal property, ownership of which isevidenced and delineated by a title;
(7) "Title lender", a person qualified to make title loans pursuantto sections 367.500 to 367.533 who maintains at least one title lendingoffice within the state of Missouri, which office is open for the conductof business not less than thirty hours per week, excluding legal holidays;
(8) "Title lending office" or "title loan office", a location atwhich, or premises in which, a title lender regularly conducts business;
(9) "Title loan agreement", a written agreement between a borrowerand a title lender in a form which complies with the requirements ofsections 367.500 to 367.533. The title lender shall perfect its lienpursuant to sections 301.600 to 301.660, RSMo, but need not retain physicalpossession of the titled personal property at any time; and
(10) "Titled personal property", any personal property excludingproperty qualified to be a personal dwelling the ownership of which isevidenced by a certificate of title.
