Section 75.01. Definitions.

  In this chapter and s. 138.14 , Stats.:

(1)  "At the end of the loan term" has the same meaning as "maturity date," as defined in s. 138.14 (1) (j) , Stats.

(2)  "Database transaction fee" means the fee the database provider shall charge licensees for each payday loan made by the licensee.

(3)  "Default" has the meaning given in s. 425.103 (2) , Stats., if the loan has not reached its maturity date or the customer does not enter into a repayment plan under s. 138.14 (11g) (a) , Stats.

(4)  "Department" means the department of financial institutions.

(5)  "Division" means the division of banking.

(6)  "Electronic fund transfer" has the meaning given in 12 C.F.R. 205.3

(b) .

(7)  "Makes" in s. 138.14 (4) (c) , Stats., means originates or services.

(8)  "Percentage per year of interest charged" in s. 138.14 (13) (b) , Stats., means the annual percentage rate charged for the payday loan.

(9)  "Subsequent payday loan" or "subsequent loan," except when used in s. 138.14 (9m) , Stats., means any loan where its proceeds are used, in whole or in part, to repay a previous payday loan, and includes any loan made within 24 hours after the customer pays off a previous payday loan in full.