Consumer loan means a loan made by a financial institution in which:
Consumer transaction means a transaction in which (i) an individual incurs an obligation primarily for personal, family, or household purposes, (ii) a security interest secures the obligation, and (iii) the collateral is held or acquired primarily for personal, family, or household purposes. The term includes consumer-goods transactions.
Consumer Loans means Loans to individuals for household, family and other personal expenditures (including United States and/or State-guaranteed student loans and extensions of credit pursuant to a credit card plan or debit card plan).
Consumer debtor means a debtor in a consumer transaction.
Consumer Guarantee has the meaning given in Division 1 of Part 3-2 of the Australian Consumer Law.