Consumer credit definition

Consumer credit means credit offered or extended to a consumer primarily for personal, family, or household purposes.

Consumer credit means credit offered or extended to a consumer primarily for personal, family, or household purposes, as set forth in Section 226.2(a)(12) of Regulation Z, 12 C.F.R. § 226.2(a)(12), as amended.

Consumer credit means credit of- fered or extended to a consumer pri- marily for personal, family, or house- hold purposes.

Examples of Consumer credit in a sentence

• Consumer credit transactions involving manufactured housing as defined in section 1‑301, subsection 23‑A; and[PL 1995, c.

• Consumer credit; where required our service to you also includes arranging credit to enable the costs of insurance premiums to be spread.

• Within this framework, limits and approval authorities are exercised by Consumer Banking officers with defined approval authorities.• Consumer credit risk management functional areas are aligned with key concepts of risk management, namely, governance, control, measurement and reporting.• Consumer credit risk is managed with three lines of defence.

• Consumer credit issues were interwoven throughout the presentation.

• Consumer credit reports may be obtained in connection with your application for accounts or services.

More Definitions of Consumer credit

Consumer credit means credit ex- tended to a natural person primarily for personal, family, or household pur- poses.

Consumer credit means credit extended to a natural person primarily for personal, family, or household purposes.

Consumer credit means credit offered or extended to a

Consumer credit means closed-end credit offered or extended to a covered borrower primarily for personal, family or household purposes, as described in paragraph (b)(1) of this section.

Consumer credit is defined in 12 C.F.R §202.2(h).

Consumer credit means any credit extended by a creditor to a consumer for the sale or lease of any consumer product or service under which part or all of the price or payment therefor is payable at some future time, whether in full or in installments.

Consumer credit means credit ex- tended to a natural person for personal, family, or household purposes. It in- cludes consumer loans; educational loans; unsecured loans for real prop- erty alteration, repair or improvement, or for the equipping of real property; overdraft loans; and credit cards. It also includes loans secured by liens on real estate and chattel liens secured by mobile homes and leases of personal property to consumers that may be considered the functional equivalent of loans on personal security but only if you rely substantially upon other fac- tors, such as the general credit stand- ing of the borrower, guaranties, or se- curity other than the real estate or mobile home, as the primary security for the loan.