Louisiana § 6:1121

Louisiana Statutes

§ 6:1121

Louisiana·Title 6 Banks and Banking

§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.

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

§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.

Louisiana § 6:1121 — published by Counsel Stack Legal Research, free access to 12M+ legal documents.