10 §1122. Definitions
Title 10: COMMERCE AND TRADE
Part 3: REGULATION OF TRADE
Chapter 202: CONSUMER LOAN AND LEASE AGREEMENTS
§1122. Definitions
As used in this chapter unless the context clearly indicates otherwise, the following terms shall have the following meanings. [1979, c. 483, (NEW).]
1. Agreement. "Agreement" means any writing which is substantially prepared in advance of a consumer loan or consumer lease and which a supervised lender or lessor furnishes to a consumer for the consumer to sign in connection with that loan or lease.
[ 1985, c. 763, Pt. A, §67 (AMD) .]
2. Amount financed. "Amount financed" means "amount financed" as defined by Title 9-A, section 1-301, subsection 5.
[ 1979, c. 483, (NEW) .]
3. Consumer. "Consumer" means an individual to whom a consumer loan or consumer lease is made.
[ 1985, c. 763, Pt. A, §67 (AMD) .]
3-A. Consumer lease. "Consumer lease" means a lease of goods to a consumer by a lessor for personal, family or household purposes, which is for a term exceeding 4 months and which is not made pursuant to a lender credit card.
[ 1985, c. 763, Pt. A, §68 (NEW) .]
4. Consumer loan. "Consumer loan" means a loan made to a consumer by a supervised lender for personal, family or household purposes, if the debt is payable in installments or a finance charge is made, including a loan made pursuant to a lender credit card.
[ 1979, c. 483, (NEW) .]
4-A. Lessor. "Lessor" means a person who, in the ordinary course of business, regularly leases, offers to lease or arranges for the lease of personal property under a consumer lease.
[ 1985, c. 763, Pt. A, §69 (NEW) .]
5. Supervised lender. "Supervised lender" means "supervised lender" as defined under Title 9-A, section 1-301, subsection 39.
[ 1979, c. 483, (NEW) .]
SECTION HISTORY
1979, c. 483, (NEW). 1985, c. 763, §§A67-69 (AMD).