Original creditor definition

Original creditor means the private education lender identified

Original creditor means the last entity that extended credit to a consumer to purchase goods or services, to lease goods or as a loan of moneys.

Original creditor means the private education lender identified in a promissory note, loan agreement, or loan contract entered into with a student loan borrower or cosigner.

Examples of Original creditor in a sentence

• The CRAs shall continue to require Collection Furnishers to furnish the name of the Original Creditor and the Creditor Classification Code associated with each account or item reported.

• The CRAs shall revise training materials and adopt policies and procedures to notify and instruct Collection Furnishers that the name of the Original Creditor and the Creditor Classification Codes are mandatory reporting requirements, and the CRAs shall reject data that is not provided with this information.

• Exhibit A Schedule of Creditors and Debt ** PLEASE FILL IN MISSING ACCOUNT NUMBERS FOR EACH ACCOUNT LISTED BELOW ** ** INCORRECT OR INCOMPLETE ACCOUNT NUMBERS MAY IMPACT OUR ABILITY TO SETTLE YOUR DEBTS ** Current Creditor Original Creditor (if different) Account # (xxxx-xxxx-xxxx-xxxx) Current Amount of Debt 1 <Your Info Here> <Your Info Here> $0.00 2 <Your Info Here> <Your Info Here> $0.00 ESTIMATED TOTAL DEBT $0.00 *** PLEASE DO NOT ADD CREDITORS TO THE ABOVE LIST.

More Definitions of Original creditor

Original creditor means the person, business, financial institution or commercial entity that had the original contractual agreement with a cardholder on a credit card account or an instrument evidencing outstanding debt;

Original creditor means, collectively, Partners for Growth IV L.P. and Partners for Growth V L.P.

Original creditor means a Person which offers or extends credit creating a Consumer Debt or to which a debt was owed prior to default.

Original creditor means any person or such person’s successor in interest by way of merger, acquisition, or otherwise, who extends credit creating a debt.

Original creditor means the creditor that makes or arranges a consumer finance agreement with a consumer and to which the finance agreement is initially payable. "Original creditor" does not include any assignee of the finance agreement.

Original creditor means the name of the original credit grantor as reflected in the K1 Segment in Metro 2 and shall be construed consistent with the Credit Reporting Resource Guide.

Original creditor means the person or entity first owed the debt.