Sec. 46a-65. (Formerly Sec. 36-436). Discriminatory credit practices: Definitions.
Sec. 46a-65. (Formerly Sec. 36-436). Discriminatory credit practices: Definitions. As used in this section and sections 46a-66, 46a-67, 46a-81f and 46a-98:
(1) "Credit" means the right granted by a creditor to a person to defer payment of
debt or to incur debt and defer its payment, or purchase property or services and defer
payment therefor, including but not limited to the right to incur and defer debt which
is secured by residential real property;
(2) "Creditor" means any person who regularly extends or arranges for the extension
of credit for which the payment of a finance charge or interest is required whether in
connection with loans, sale of property or services or otherwise;
(3) "Invitation to apply for credit" means any communication, oral or written, by
a creditor which encourages or prompts an application for credit;
(4) "Application for credit" means any communication, oral or written, by a person
to a creditor requesting an extension of credit to that person or to any other person, and
includes any procedure involving the renewal or alteration of credit privileges or the
changing of the name of the person to whom credit is extended;
(5) "Extension of credit" means all acts incident to the evaluation of an application
for credit and the granting of credit;
(6) "Credit sale" means any transaction with respect to which credit is granted;
(7) "Credit transaction" means any invitation to apply for credit, application for
credit, extension of credit or credit sale.
(P.A. 73-573, S. 1; P.A. 80-422, S. 13; P.A. 91-58, S. 25.)
History: P.A. 80-422 deleted definition of "commission", i.e. commission on human rights and opportunities, replaced
alphabetic Subdiv. indicators with numeric indicators and substituted specific section references for "this chapter"; Sec.
36-436 transferred to Sec. 46a-65 in 1981; P.A. 91-58 added reference to Sec. 46a-81f in introductory clause.