Open-end credit definition
Open-end credit means credit extended by a creditor under an agreement in which:
Open-end credit means an arrangement, other than a consumer rental purchase agreement, pursuant to which all of the following are applicable:
Open-end credit means an arrangement pursuant to which:
More Definitions of Open-end credit
Open-end credit means a plan under which the creditor reasonably contemplates repeated transactions, which prescribes the terms of those transactions and which provides for a finance charge which may be computed from time to time on the outstanding unpaid balance. A credit plan which is an open-end credit plan within the meaning of the preceding sentence is an open-end credit plan, even if credit information is verified from time to time.
Open-end credit means consumer credit as defined in Iowa Code section 537.1301, subsection 29.
Open-end credit means credit extended under a plan in which both of the following apply:
Open-end credit means as defined in Iowa Code section 537.1301, subsection 28.
Open-end credit means consumer credit extended by a financial institution under a plan in which:
Open-end credit means credit extended under a plan in which a creditor may permit an applicant to make pur- chases or obtain loans from time to time directly from the creditor or indirectly by use of a credit card, check, or other device. The term does not include negotiated advances under an open end real estate mortgage or letter of credit.
Open-end credit means a credit agreement in which the creditor: