Closed-end credit means consumer credit other than open-end credit as defined in this section.
Closed-end credit means consumer credit other than open-end credit as de- fined in this section.
More Definitions of Closed-end credit
Closed-end credit means consumer credit other than ‘‘open-end credit’’ as that term is defined in Regulation Z (Truth in Lending), 12 CFR part 226.
Closed-end credit means a consumer loan or a consumer credit sale which is not incurred pursuant to open end credit.
Closed-end credit means an exten- sion of credit to a consumer that is not open-end credit under paragraph (a)(16) of this section.
Closed-end credit means consumer credit other than open-end credit as defined in these rules.
Closed-end credit means the extension of credit by a licensee to a borrower pursuant to an arrangement or agreement which is not a revolving credit plan as defined in subchapter II of this chapter.
Closed-end credit means consumer credit other than open-end credit, and “[o]pen-end credit” is defined as “consumer credit extended by a creditor under a plan in which: (i) the creditor reasonably contemplates repeated transactions; (ii) the creditor may impose a finance charge from time to time on an outstanding unpaid balance; and (iii) the amount of credit that may be extended to the consumer during the term of the plan (up to any limit set by the creditor) is generally made available to the extent that any outstanding balance is repaid.” 12 C.F.R. §§ 1026.2(a)(10) and (a)(20). Defendants extend closed-end
Closed-end credit means consumer credit (but for the conditions applica- ble to consumer credit under this part) other than consumer credit that is ‘‘open-end credit’’ as that term is de- fined in Regulation Z.