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BPOL Ordinance


Section 4-7.2-31. Money lenders; license tax rate.

Every person conducting or engaging in any of the following money lending occupations, businesses, trades or callings shall pay an annual license tax of Nineteen Cents for each One Hundred Dollars of gross receipts. Money lending occupations, businesses, trades or callings include, by way of illustration, but are not limited to, persons who provide or operate:

Buying installment receivable
Chattel mortgage financing
Consumer financing
Factor
Financing accounts receivable
Industrial loan company
Installment financing
Inventory financing
Loan or mortgage broker
Loan or mortgage company
Money lender

 



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