Consumer Credit Sample Clauses
The Consumer Credit clause defines the terms and conditions under which credit is extended to consumers by a business or lender. It typically outlines the interest rates, repayment schedules, fees, and the rights and obligations of both the lender and the borrower. For example, it may specify how late payments are handled or what disclosures must be provided to the consumer. The core function of this clause is to ensure transparency and fairness in consumer lending, protecting both parties and complying with relevant consumer protection laws.
Consumer Credit. If any Collateral or proceeds includes obligations of third parties to Debtor, the transactions giving rise to the Collateral shall conform in all respects to the applicable state or federal law including but not limited to consumer credit law. Debtor shall hold harmless and indemnify Bank against any cost, loss or expense arising from Debtor's breach of this covenant.
Consumer Credit. Where applicable to you the statutory notices required by the Consumer Credit ▇▇▇ ▇▇▇▇ (“the Act”) contained in this agreement refer to your rights but do not extend them. If you are a body corporate or you are not an individual as defined in that Act then this agreement will not be regulated by the Act.
Consumer Credit. No Loan constitutes consumer credit as defined under the federal Truth in Lending Act, 15 USC 1601 et seq. (“TILA”), and its promulgating regulation, Regulation Z, 12 CFR Part 1026. Each Loan will only be used for commercial or business purposes as defined in Section 104(1) of TILA, 15 USC 1063(1), and Section 1026.3(a)(1) Regulation Z, 12 CFR 1026.3(a)(1). Further, none of the Loans are subject to any federal, state or local laws governing consumer credit, including, but not limited to, TILA and Regulation Z, the federal Real Estate Settlement Procedures Act and its promulgating regulation, Regulation X, the Home Ownership and Equity Protection Act and any state laws applicable to “high cost,” “predatory,” threshold” or similar loans.
Consumer Credit. Equipment or the design or colour of any impression approved by Royal Mail; for example so as to affect the franking or revenue recording mechanism.
Consumer Credit. Notwithstanding anything in this Mortgage to the contrary, this Mortgage shall not secure any portion of the Indebtedness which is deemed to be consumer credit under the Truth in Lending Act.
Consumer Credit. Cdiscount may propose to its customers, within the framework of a timetable which shall be jointly defined in the Operational and Financial Committee, promotional credits and “three times at no cost” payments. As regards “free credit” transactions, it is agreed that the cost borne by Cdiscount shall be equal to the refinancing rate of the outstanding amount plus 675 basis points. It shall be capped at the standard customer scale rate. As regards so-called offset rate transactions, these shall be invoiced to Cdiscount at the rate provided hereinabove for the free credit plus the rate paid by the customer.
Consumer Credit. No Mortgage Loan constitutes consumer credit as defined under the federal Truth in Lending Act, 15 U.S.C. 1601 et seq. (“TILA”), and its promulgating regulation, Regulation Z, 12 CFR Part 1026. Each Mortgage Loan will only be used for commercial or business purposes as defined in Section 104(1) of TILA, 15 U.S.C. 1063(1), and Section 1026.3(a)(1) Regulation Z, 12 C.F.R. 1026.3(a)(1), and each Mortgagor has represented that the Mortgage Loan will only be used for commercial or business purposes as defined thereunder. Further, none of the Mortgage Loans are subject to any federal, state or local laws governing consumer credit, including, but not limited to, TILA and Regulation Z, the federal Real Estate Settlement Procedures Act and its promulgating regulation, Regulation X, the Home Ownership and Equity Protection Act and any state laws applicable to “high cost,” “predatory,” threshold” or similar loans.
Consumer Credit. The Borrower will comply at all times with the requirements of the Regulated Activities Order in funding any Disbursements on behalf of its clients.
Consumer Credit. This arrangement is not regulated by the National Consumer Credit Protection Act 2009 (Cth) (“the NCCP Act”). As a result:
Consumer Credit. All loans which relate to consumer credit, with or without guarantees in rem, including occasional personal overdrafts, shall be classified in accordance with the following criteria: