§ 537.7102 — Definitions

Iowa § 537.7102

• Jurisdiction: Iowa
• Title XIII: COMMERCE
• Ch. 537: CONSUMER CREDIT CODE

Text

As used in this article, unless the context otherwise requires:
1. “Administrator” means the person designated in section 537.6103.

2. “Creditor”, for the purposes of this article, means the person to whom a debtor is
obligated, either directly or indirectly, on a debt.
3. “Debt” means an actual or alleged obligation arising out of a consumer credit
transaction, consumer rental purchase agreement, or a transaction which would have been
a consumer credit transaction either if a finance charge was made, if the obligation was not
payable in installments, if a lease was for a term of four months or less, or if a lease was of an
interest in land. A debt includes a check as defined in section 554.3104 given in a transaction
in connection with a consumer rental purchase agreement, in a transaction which was a
consumer credit sale or in a transaction which would have been a consumer credit sale if
credit was granted and if a finance charge was made, or in a transaction regulated under
chapter 533D.
4. “Debt collection” means an action, conduct or practice in soliciting debts for collection
or in the collection or attempted collection of a debt.
5. “Debt collector” means a person engaging, directly or indirectly, in debt collection,
whether for the person, the person’s employer, or others, and includes a person who sells,
or offers to sell, forms represented to be a collection system, device, or scheme, intended to
be used to collect debts.
6. “Debtor”, for the purposes of this article, means the person obligated.

Legislative History

[C75, 77, 79, 81, §537.7102]