Sec. 49-6b. Definitions.
115 words·~1 min read·
/ct/title-49/chapter-846-mortgages/49-6b·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
For the purposes of this section and sections 49-6c and 49-6d :
(1)“Person” includes individuals, partnerships, associations, limited liability companies and corporations;
(2)“Creditor” means any person or the assignee of any person who in the ordinary course of business extends credit to a consumer debtor residing in this state;
(3)“Consumer debtor” means any natural person to whom credit for personal, family or household purposes has been extended;
(4)The adjective “consumer” characterizes the transaction as one in which the party to whom credit is offered or extended is a natural person, and the money, property or services which are the subject of the transaction are primarily for personal, family, or household use.