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 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.

Examples of Open-end credit in a sentence

• No Yes OPEN END CREDIT LINE MORTGAGE FROM XXX, AMOUNTING TO $XXX, DATED XX/XX/XXXX FILED FOR RECORD XX/XX/XXXX, AND RECORDED IN XXX.

• XX/XX/XXXX XX/XX/XXXX 9285 xxxx xxxx xxxx xxxxx xxxx OPEN END CREDIT LINE MORTGAGE FROM XXX, AMOUNTING TO $XXX, DATED XX/XX/XXXX FILED FOR RECORD XX/XX/XXXX, AND RECORDED IN XXX.

• XX/XX/XXXX XX/XX/XXXX 9246 xxxx xxxx xxxx xxxxx xxxx OPEN END CREDIT LINE MORTGAGE FROM XXX, AMOUNTING TO $XXX, DATED XX/XX/XXXX FILED FOR RECORD XX/XX/XXXX, AND RECORDED IN XXX.

• CONDITIONS: The conditions for future advances are ----------------------------- OPEN END CREDIT: You and I agree that I may borrow up to the maximum amount of principal more than one time.

• Conditions: the conditions for future advances are _________________________________________________________________ [ ] OPEN END CREDIT: You and I agree that I may borrow up to the maximum amount of principal more than one time.

More Definitions of Open-end credit

Open-end credit means consumer credit extended by a creditor under a plan in which:

Open-end credit means consumer credit extended by a bank under a plan in which:

Open-end credit means an arrangement pursuant to which:

Open-end credit means credit extended under a plan in which both of the following apply:

Open-end credit means credit ex- tended 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 indi- rectly by use of a credit card, check, or other device.

Open-end credit means consumer credit as defined in Iowa Code section 537.1301, subsection 29.

Open-end credit means consumer credit transactions made on an account by a plan under which: