As used in this chapter:

1. (1) "Rollover" means the extension or renewal of the term of a title loan.

2. (2)

   1. (a) "Title lender" means a person that extends a title loan.

   2. (b) "Title lender" includes a person that:

      1. (i) arranges a title loan on behalf of a title lender;
      2. (ii) acts as an agent for a title lender; or
      3. (iii) assists a title lender in the extension of a title loan.

3. (3)

   1. (a) "Title loan" means a loan secured by the title to a:

      1. (i) motor vehicle, as defined in Section 41-6a-102;
      2. (ii) mobile home, as defined in Section 41-6a-102; or
      3. (iii) motorboat, as defined in Section 73-18-2.

   2. (b) "Title loan" includes a title loan extended at the same premise on which any of the following are sold:

      1. (i) a motor vehicle, as defined in Section 41-6a-102;
      2. (ii) a mobile home, as defined in Section 41-6a-102; or
      3. (iii) a motorboat, as defined in Section 73-18-2.

   3. (c) "Title loan" does not include:

      1. (i) a purchase money loan;

      2. (ii) a loan made in connection with the sale of a:

         1. (A) motor vehicle, as defined in Section 41-6a-102;
         2. (B) mobile home, as defined in Section 41-6a-102; or
         3. (C) motorboat, as defined in Section 73-18-2; or
      3. (iii) a loan extended by an institution listed in Section 7-24-305.