Consumer credit definition

Consumer credit means credit offered or extended to a consumer primarily for personal, family, or household purposes.

Consumer credit means credit offered or extended to a consumer primarily for personal, family, or household purposes, as set forth in Section 226.2(a)(12) of Regulation Z, 12 C.F.R. § 226.2(a)(12), as amended.

Consumer credit means credit of- fered or extended to a consumer pri- marily for personal, family, or house- hold purposes.

Examples of Consumer credit in a sentence

• Employees, however, can ask for bigger loans and use a further fifth of their salary; in this case, as well as using one fifth of their salary, they must also enter into a ‘deduction of payment’ contract with the lender (> Consumer credit from A to Z).The employer is obliged to respect salary-backed loans but can decide whether or not to approve the deduction of a further fifth of a salary.

• As protection against the risk of non-repayment, the lender can ask for personal guarantees such as a surety (> Consumer credit from A to Z) and/or an insurance policy.

• The AOER and usuryThe AOER (Average Overall Effective Rate) is the reference rate for calculating the usury ceiling (> Consumer credit from A to Z), above which a loan becomes illegal.

• The Consumer credit card portfolio includes Consumer Banking and GWIM.

• EMERITUS PROFESSOR AND VISITING PROFESSOR(1) A retired Professor of the University having an authoritative standing in the field and whose long and distinguished services has added-luster to the University may, on the recommendation of the Vice-Chancellor, be selected by the Executive Council for conferment of status and appointment as „Professor Emeritus‟.

More Definitions of Consumer credit

Consumer credit means credit ex- tended to a natural person primarily for personal, family, or household pur- poses.

Consumer credit means credit extended to a natural person primarily for personal, family, or household purposes.

Consumer credit means closed-end credit offered or extended to a covered borrower primarily for personal, family or household purposes, as described in paragraph (b)(1) of this section.

Consumer credit means credit offered or extended to a

Consumer credit is defined in 12 C.F.R §202.2(h).

Consumer credit means any credit extended by a creditor to a consumer for the sale or lease of any consumer product or service under which part or all of the price or payment therefor is payable at some future time, whether in full or in installments.

Consumer credit means credit ex- tended to a natural person for personal, family, or household purposes. It in- cludes consumer loans; educational loans; unsecured loans for real prop- erty alteration, repair or improvement, or for the equipping of real property; overdraft loans; and credit cards. It also includes loans secured by liens on real estate and chattel liens secured by mobile homes and leases of personal property to consumers that may be considered the functional equivalent of loans on personal security but only if you rely substantially upon other fac- tors, such as the general credit stand- ing of the borrower, guaranties, or se- curity other than the real estate or mobile home, as the primary security for the loan.