District of Columbia § 28-3802 Definitions.

District of Columbia Statutes

§ 28-3802 — Definitions.

District of Columbia § 28-3802

Title 28Commercial Instruments and Transactions. [Enacted title]

Ch. 38Consumer Protections.

Subch. IGeneral.

This text of District of Columbia § 28-3802 (Definitions.) is published on Counsel Stack Legal Research, covering District of Columbia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

D.C. Code § 28-3802 (2026).

Text

As used in this chapter —

(1)“revolving credit account” means a revolving credit account as defined in section 28-3701 of this subtitle;

(2)“consumer credit sale” means a sale of goods or services in which —

(A)a credit is granted by a person who regularly engages as a seller in credit transactions of the same kind;

(B)the buyer is a natural person;

(C)the goods or services are purchased primarily for a personal, family, household, or agricultural purpose;

(D)either the debt is payable in installments or a finance charge is made; and

(E)the amount financed does not exceed $25,000.

(3)“direct installment loan” means a direct installment loan as that term is used in section 28-3308 and does not include a loan secured on real estate or a direct motor vehicle installm

Free access — add to your briefcase to read the full text and ask questions with AI

As used in this chapter —

(1) “revolving credit account” means a revolving credit account as defined in section 28-3701 of this subtitle;

(2) “consumer credit sale” means a sale of goods or services in which —

(A) a credit is granted by a person who regularly engages as a seller in credit transactions of the same kind;

(B) the buyer is a natural person;

(C) the goods or services are purchased primarily for a personal, family, household, or agricultural purpose;

(D) either the debt is payable in installments or a finance charge is made; and

(E) the amount financed does not exceed $25,000.

(3) “direct installment loan” means a direct installment loan as that term is used in section 28-3308 and does not include a loan secured on real estate or a direct motor vehicle installment loan covered by Chapter 36 of this subtitle .

(4) “cross collateral” means an arrangement wherein a seller in a “consumer credit sale” secures a debt arising from the sale by contracting for a security interest in other property if as a result of a prior sale the seller has an existing security interest in the other property. The seller may also contract for a security interest in the property sold in the subsequent sale as a security for the previous debt.

Legislative History

Dec. 17, 1971, 85 Stat. 669, Pub. L. 92-200, § 4; Apr. 9, 1997, D.C. Law 11-255, § 27(l), 44 DCR 1271; Apr. 20, 1999, D.C. Law 12-264, § 27(a), 46 DCR 2118