Sec. 38a-646. (Formerly Sec. 38-250). Definitions.
Sec. 38a-646. (Formerly Sec. 38-250). Definitions. As used in sections 38a-645
to 38a-658, inclusive, except as otherwise provided herein:
(1) "Credit life insurance" means insurance on the life of a debtor pursuant to or in
connection with a specific loan or other credit transaction;
(2) "Credit accident and health insurance" means insurance on a debtor to provide
indemnity for payments becoming due on a specific loan or other credit transaction
while the debtor is disabled as defined in the policy;
(3) "Creditor" means the lender of money or vendor or lessor of goods, services,
property, rights or privileges for which payment is arranged through a credit transaction
or any successor to the right, title or interest of any such lender, vendor or lessor, and
an affiliate, associate or subsidiary of any of them or any director, officer or employee
of any of them or any other person in any way associated with any of them;
(4) "Debtor" means a borrower of money or a purchaser or lessee of goods, services,
property, rights or privileges for which payment is arranged through a credit transaction;
(5) "Indebtedness" means the total amount payable by a debtor to a creditor in
connection with a loan or other credit transaction.
(1959, P.A. 576, S. 2; P.A. 00-105, S. 4, 5.)
History: Sec. 38-250 transferred to Sec. 38a-646 in 1991; P.A. 00-105 substituted numeric Subdiv. designators for
alphabetic designators, effective July 1, 2000.