Missouri Laws 407.635 – Definitions
Current as of: 2023 | Check for updates
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As used in sections 407.635 to 407.644, the following words and phrases shall mean:
(1) “Buyer”, an individual who is solicited to purchase or who purchases the services of a credit services organization;
Terms Used In Missouri Laws 407.635
- Fair Credit Reporting Act: A federal law, established in 1971 and revised in 1997, that gives consumers the right to see their credit records and correct any mistakes. Source: OCC
- following: when used by way of reference to any section of the statutes, mean the section next preceding or next following that in which the reference is made, unless some other section is expressly designated in the reference. See Missouri Laws 1.020
(2) “Consumer reporting agency” has the meaning assigned by section 603(f) of the federal Fair Credit Reporting Act, 15 U.S.C. § 1681a(f);
(3) “Extension of credit”, the right to defer payment of debt or to incur debt and defer its payment offered or granted primarily for personal family or household purposes.