On November 4, 2003, defendant’s typical Council proposed a brand new ordinance, entitled “Hours of process for pay day loan companies.” Part (2) for the ordinance so long as no pay day loan business could possibly be available involving the full hours of 9 pm and 6 am. At a general general general public conference held on January 6, 2004, the council voted to consider the ordinance with one vote that is dissenting. The mayor authorized the ordinance on 9, 2004 and it became effective fifteen days later january.
On or around February 10, 2004, defendant consented never to enforce the payday lending ordinance against plaintiff’s foreign exchange company pending analysis the language associated with ordinance and plaintiff consented to not ever make payday advances through the prohibited hours. (more…)