Sec. 36a-535. (Formerly Sec. 36-254). Definitions.
223 words·~1 min read·
/ct/title-36a/chapter-668-nondepository-financial-institutions/36a-535·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
As used in sections 36a-535 to 36a-547 , inclusive, unless the context otherwise requires:
(1)The terms “goods”, “retail installment sale”, “retail installment contract”, “installment loan contract”, “retail seller” and “retail buyer” have the same meanings as provided in section 36a-770 ;
(2)“Sales finance company” means any person engaging in this state in the business, in whole or in part, of
(A)acquiring retail installment contracts or installment loan contracts from the holders thereof, by purchase, discount or pledge, or by loan or advance to the holder of either on the security thereof, or otherwise, or
(B)receiving payments of principal and interest from a retail buyer under a retail installment contract or installment loan contract. “Sales finance company” does not include a bank, out-of-state bank, Connecticut credit union, federal credit union, or out-of-state credit union, if so engaged;
(3)“Advertise” or “advertising” has the same meaning as provided in section 36a-485 ;
(4)“Control person” has the same meaning as provided in section 36a-485 ;
(5)“Branch office” means a location other than the main office at which a licensee or any person on behalf of a licensee acts as a sales finance company;
(6)“Main office” has the same meaning as provided in section 36a-485 ; and
(7)“Unique identifier” has the same meaning as provided in section 36a-485 .