Sec. 702. Definitions
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## § 702 Definitions **[**[15 U.S.C. 1691a](/us/usc/t15/s1691a)**]** ###
(a)The definitions and rules of construction set forth in this section are applicable for the purposes of this title. ###
(b)The term “**applicant**” means any person who applies to a creditor directly for an extension, renewal, or continuation of credit, or applies to a creditor indirectly by use of an existing credit plan for an amount exceeding a previously established credit limit. ###
(c)The term “**Bureau**” means the Bureau of Consumer Financial Protection. ###
(d)The term “**credit**” means the right granted by a creditor to a debtor to defer payment of debt or to incur debts and defer its payment or to purchase property or services and defer payment therefor. ###
(e)The term “**creditor**” means any person who regularly extends, renews, or continues credit; any person who regularly arranges for the extension, renewal, or continuation of credit; or any assignee of an original creditor who participates in the decision to extend, renew, or continue credit. ###
(f)The term “**person**” means a natural person, a corporation, government or governmental subdivision or agency, trust, estate, partnership, cooperative, or association. ###
(g)Any reference to any requirement imposed under this title or any provision thereof includes reference to the regulations of the Bureau under this title or the provision thereof in question.
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