§ 26-21-102 — Definitions

(a) For the purpose of this chapter:
(i) "Credit life insurance" means insurance on the
life of a debtor pursuant to or in connection with a specific
loan or other credit transaction;
(ii) "Credit disability insurance" means insurance on
a debtor to provide indemnity for payments becoming due on a
specific loan or other credit transaction while the debtor is
disabled as defined in the policy;
(iii) "Creditor" means the lender of money or vendor
of goods, services or property, including a lessor under a lease
intended as a security, rights or privileges, for which payment
is arranged through a credit transaction, or any successor to
the right, title or interest of any such lender or vendor, and
an affiliate, associate or subsidiary of any of them or any
director, officer or employee of any of them or any other person
in any way associated with any of them;
(iv) "Debtor" means a borrower of money or a
purchaser or lessee of goods, services, property, rights or
privileges for which payment is arranged through a credit
transaction;
(v) "Indebtedness" means the total amount payable by
a debtor to a creditor in connection with a loan or other credit
transaction.