Consumer credit transaction definition

Consumer credit transaction means a consumer credit sale or consumer loan, or a refinancing or consolidation thereof, or a consumer lease, or a consumer rental purchase agreement.
Consumer credit transaction means a consumer credit sale, consumer lease or consumer loan or a modification thereof including a refinancing, consolidation or deferral.
Consumer credit transaction means a consumer trans- action between a merchant and a customer in which real or per- sonal property, services or money is acquired on credit and the customer’s obligation is payable in installments or for which credit a finance charge is or may be imposed, whether such trans- action is pursuant to an open−end credit plan or is a transaction involving other than open−end credit. The term includes con- sumer credit sales, consumer loans, consumer leases and transac- tions pursuant to open−end credit plans.

Examples of Consumer credit transaction in a sentence

  • Consumer credit transaction" means a consumer credit sale, consumer lease, or consumer loan or a modification thereof including a refinancing, consolidation, or deferral.


More Definitions of Consumer credit transaction

Consumer credit transaction means a transaction between a natural person and another person in which property, services, or money is acquired on credit by that natural person from the other person primarily for personal, family, or household purposes.
Consumer credit transaction means consumer credit transaction as defined in section 537.1301, subsection 12.
Consumer credit transaction in R.S. 9:3516(13) means a consumer loan or a consumer credit sale but does not include a motor vehicle credit transaction made pursuant to R.S. 6:969.1 et seq.
Consumer credit transaction means a consumer credit sale or consumer loan, or a refinancing or consolidation thereof, or a consumer lease, or a consumer rental purchase agreement. “Consumer credit transaction” does not include goods, services, or any other benefits provided by or on behalf of the state or a state agency.
Consumer credit transaction means a grant of credit or a loan that is made by a person regularly engaged in the business of making loans or granting credit primarily for a personal, family, household, or agricultural purpose.
Consumer credit transaction means a consumer credit sale,
Consumer credit transaction means a consumer credit sale (Section 37‑2‑104) or consumer loan (Section 37‑3‑104) or a refinancing or consolidation thereof, a consumer lease (Section 37‑2‑106), or a consumer rental‑purchase agreement (Section 37‑2‑701).