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Code · Louisiana · Title 6 — Banks and Banking

RS 6:1121

129 words·~1 min read·/la/title-6/6-66

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RS 6:1121
CHAPTER 16. CREDIT AGREEMENTS -- WRITING
REQUIREMENTS
§1121. Definitions
For purposes of this Chapter, the following terms shall have the following meanings:
(1)"Credit agreement" means an agreement to lend or forbear repayment of money or goods or to otherwise extend credit, or make any other financial accommodation.
(2)"Creditor" means a financial institution or any other type of creditor that extends credit or extends a financial accommodation under a credit agreement with a debtor.
(3)"Debtor" means a person or entity that obtains credit or seeks a credit agreement with a creditor or who owes money to a creditor.
(4)"Financial institution" means a bank, savings and loan association, savings banks, or credit union authorized to transact business in this state.
Acts 1989, No. 531, §1.
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