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U.S. Code as of:
01/19/04
Section 1691a. Definitions; rules of construction
(a) The definitions and rules of construction set forth in this
section are applicable for the purposes of this subchapter.
(b) The term "applicant" means any person who applies to a
creditor directly for an extension, renewal, or continuation of
credit, or applies to a creditor indirectly by use of an existing
credit plan for an amount exceeding a previously established credit
limit.
(c) The term "Board" refers to the Board of Governors of the
Federal Reserve System.
(d) The term "credit" means the right granted by a creditor to a
debtor to defer payment of debt or to incur debts and defer its
payment or to purchase property or services and defer payment
therefor.
(e) The term "creditor" means any person who regularly extends,
renews, or continues credit; any person who regularly arranges for
the extension, renewal, or continuation of credit; or any assignee
of an original creditor who participates in the decision to extend,
renew, or continue credit.
(f) The term "person" means a natural person, a corporation,
government or governmental subdivision or agency, trust, estate,
partnership, cooperative, or association.
(g) Any reference to any requirement imposed under this
subchapter or any provision thereof includes reference to the
regulations of the Board under this subchapter or the provision
thereof in question.
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