Consumer paper definition
Consumer paper means all paper and cardboard from domestic premises, other than paper used to publish newspapers and magazines.”
Consumer paper means paper relating to automobiles, mobile homes, residences, office equipment, household items, tuition fees, insurance premium fees, and similar consumer items. Also included is paper covering the lease, where the bank is not the owner or lessor, or purchase of equipment for use in manufacturing, farming, construction, or excavation.
Consumer paper means any instrument, chattel paper, lease, installment sales contract, promissory note, Mortgage, security agreement and any other document or agreement evidencing and/or securing a Consumer Loan.
More Definitions of Consumer paper
Consumer paper. The words "Consumer Paper" mean a negotiable instrument or other writing which evidences a monetary obligation of a natural person incurred for personal, family, or household purposes. Consumer Paper does not include (a) obligations of legal entities, or (b) obligations incurred for commercial or agricultural purposes.