15 U.S.C. § 1691a — Definitions; rules of construction

FEDERAL · 15 U.S.C. · Chapter SUBCHAPTER IV—EQUAL CREDIT OPPORTUNITY

Definitions; rules of construction

15 U.S.C. § 1691a

ChapterSUBCHAPTER IV—EQUAL CREDIT OPPORTUNITY

This text of 15 U.S.C. § 1691a (Definitions; rules of construction) is published on Counsel Stack Legal Research, covering United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

15 U.S.C. § 1691a.

Text

(a)The definitions and rules of construction set forth in this section are applicable for the purposes of this subchapter.

(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 ext

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

(a) The definitions and rules of construction set forth in this section are applicable for the purposes of this subchapter.
(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 subchapter or any provision thereof includes reference to the regulations of the Bureau under this subchapter or the provision thereof in question.

Source Credit

History

(Pub. L. 90–321, title VII, §702, as added Pub. L. 93–495, title V, §503, Oct. 28, 1974, 88 Stat. 1522; amended Pub. L. 111–203, title X, §1085(1), (2), July 21, 2010, 124 Stat. 2083.)

Editorial Notes

Editorial Notes

Amendments
2010—Subsec. (c). Pub. L. 111–203, §1085(2), added subsec. (c) and struck out former subsec. (c) which read as follows: "The term 'Board' refers to the Board of Governors of the Federal Reserve System."
Subsec. (g). Pub. L. 111–203, §1085(1), substituted "Bureau" for "Board".

Statutory Notes and Related Subsidiaries

Effective Date of 2010 Amendment
Amendment by Pub. L. 111–203 effective on the designated transfer date, see section 1100H of Pub. L. 111–203, set out as a note under section 552a of Title 5, Government Organization and Employees.

Cite This Page — Counsel Stack

Bluebook (online)

15 U.S.C. § 1691a, Counsel Stack Legal Research, https://law.counselstack.com/usc/15/1691a.