Consumer loan definition

Consumer loan means a loan to one or more individuals for household, fam- ily, or other personal expenditures. A consumer loan does not include a home mortgage, small business, or small farm loan. Consumer loans include the following categories of loans:
Consumer loan means a loan made by a lender to a cus- tomer which is payable in installments or for which a finance charge is or may be imposed, and includes transactions pursuant to an open−end credit plan other than a seller credit card.
Consumer loan means a loan as defined in section 537.1301.

Examples of Consumer loan in a sentence

  • 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.


More Definitions of Consumer loan

Consumer loan means a loan made by a financial institution in which:
Consumer loan means a loan made by a person regularly engaged in the business of making loans in which:
Consumer loan means the same as defined in section 537.1301.
Consumer loan means a loan made by a person regularly
Consumer loan means any extension of credit, including credit cards and other forms of revolving credit, to a natural person primarily for the purposes of purchasing consumer goods or services or for paying existing personal, family, or household debts;
Consumer loan means a loan made by the lender to a person which is payable in installments for which a finance charge is or may be imposed. This term includes credit transactions pursuant to an open-end-credit plan other than a seller credit card.
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. [PL 1979, c. 483 (NEW).]