Time and Money: One State's Regulation of Check-Based Loans

25 Pages Posted: 23 Feb 2010 Last revised: 10 May 2010

Date Written: 2000


This article, which is part narrative and part essay, describes one professors experience working on “check cashing” (or “check-based loans”) cases at the Appalachian Research and Defense Fund in eastern Kentucky. Parts I and II describe the typical check-based loan transaction and its effects on low-income consumers. Part III recounts how the law of check-based loans has developed in Kentucky, during the professor’s time there and since. Part IV sets forth some observations about language and legal process, suggested by the preceding narrative.

Keywords: check based loans, check cashing, short-term loan, Truth in Lending Act, TILA, Racketeering Influenced and Corrupt Organizations, RICO

Suggested Citation

Schmedemann, Deborah A., Time and Money: One State's Regulation of Check-Based Loans (2000). William Mitchell Law Review, Vol. 27, 2000, William Mitchell Legal Studies Research Paper No. 2000-03, Available at SSRN: https://ssrn.com/abstract=1555241

Deborah A. Schmedemann (Contact Author)

William Mitchell College of Law ( email )

875 Summit Ave
St. Paul, MN 55105-3076
United States

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