Sec. 7. "Paid in full" means the termination of a small loan through: (1) the presentment of the borrower's check for payment by the drawee bank or the exercise by the lender of an authorization to debit an account of the borrower; or (2) the return of a check to a borrower who redeems it for consideration. [Pre-2026 Revision Citation: 24-4.5-7-109.]
As added by P.L.115-2026, SEC.97.