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be retained for at least three years and made available for inspection by the city upon request <br />during the usual and customary business hours of the credit access business. <br />5.12.012 Restriction on Extension of Consumer Credit. <br />(a) The cash advanced under an extension of consumer credit that a credit access business <br />+ <br />1110M W <br />U <br />Mffft��Njl INIUMM I'' Ittm <br />UJUDIS I(Yl'd COnSUIntf-'Or aSSIKS d WASUMUf 1A UOLU11111% III UIV 1JU1111 01 a IIIULUr WfIlUie UUC <br />loan may not exceed the lesser of <br />(1) Three percent of the consumer's gross annual income; or <br />(2) 70 percent of the retail value of the motor vehicle. <br />(c) A credit access business shall use a paycheck or other documentation establishing income <br />to determine a consumer's income. <br />................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . <br />of consumer credit that provides for repayment in installments may not be refinanced or <br />renewed. <br />(e) An extension of consumer credit that a credit access business obtains for a consumer or <br />assists a consumer in obtaining and that provides for a single lump sum repayment may not <br />be refinanced or renewed more than three times. Proceeds from each refinancing or renewal <br />,r be -xaedt�-mff*"Mem��ercert of 9hc=Vr:-r mzt of -�10 origina", <br />consumer credit. <br />(f) For purposes of this section, an extension of consumer credit that is made to a consumer <br />within seven days after a previous extension of consumer credit has been paid by the consumer <br />will constitute a refinancing or renewal. <br />I IM 11 1! 11 1 1 1 1 1 n I I I <br />(a) Every agreement between the credit access business and a consumer evidencing <br />to the consumer), must be written in the conswner's language of preference. Every cre <br />access business location must maintain on its premises, to be available for use by consum <br />agreements in the English and Spanish languages. i <br />