As used in this chapter, unless the context requires a different meaning: “Affiliate” means a person related to a licensee by common ownership or control, or any employee or agent of a licensee. “Annual percentage rate” has the same meaning as in the federal Truth in Lending Act (15 U.S.C. § 1601 et seq.) and its implementing regulations, as they may be amended from time to time. All fees and charges payable directly or indirectly by a borrower to a licensee as a condition to a loan, including interest and the monthly maintenance fees authorized under § 6.2-1817, shall be included in the computation of the annual percentage rate. “Check” means a draft drawn on the account of an individual at a depository institution. “Depository institution” means a bank, savings institution, or credit union. “Interest” means all charges payable directly or indirectly by a borrower to a licensee as a condition to a loan, including fees, service charges, and renewal charges, and any ancillary product sold in connection with a loan, but does not include the monthly maintenance fees, deposit item return fees, or late charges authorized under § 6.2-1817. “Licensee” means a person to whom a license has been issued under this chapter. “Loan amount” means the principal amount of a loan, exclusive of fees or charges. “Principal” means any person who, directly or indirectly, owns or controls (i) 10 percent or more of the outstanding stock of a stock corporation or (ii) a 10 percent or greater interest in a nonstock corporation or a limited liability company. “Short-term loan” means a loan made pursuant to this chapter.