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Connecticut General Statutes 49-6b - Definitions

Connecticut General Statutes > Title 49 > Chapter 846 > § 49-6b - Definitions


Current as of: 2009

For the purposes of this section and sections 49-6c and 49-6d:

      (1) "Person" includes individuals, partnerships, associations, limited liability companies and corporations;

      (2) "Creditor" means any person or the assignee of any person who in the ordinary course of business extends credit to a consumer debtor residing in this state;

      (3) "Consumer debtor" means any natural person to whom credit for personal, family or household purposes has been extended;

      (4) The adjective "consumer" characterizes the transaction as one in which the party to whom credit is offered or extended is a natural person, and the money, property or services which are the subject of the transaction are primarily for personal, family, or household use.

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Questions & Answers: Mortgage Lending

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