Terms Used In Utah Code > Title 70C > Chapter 8 > Part 2 - Notification and Fees

• Creditor: means :

  (i)

  a party: (A)  who regularly extends consumer credit that is subject to a finance charge or is payable by written agreement in more than four installments, not including a down payment; and (B)  to whom the obligation is initially payable, either on the face of the note or contract, or by agreement when there is no note or contract;

  (ii)	an issuer of a credit card that extends either open-end credit or credit that: (A)  is not subject to a finance charge; and (B)  is not payable by written agreement in more than four installments; and

  (iii)

  an issuer of a credit card that extends closed-end credit that: (A)  is subject to a finance charge; or (B)  is payable by written agreement in more than four installments. See Utah Code 70C-1-302 department: means the Department of Financial Institutions. See Utah Code 70C-8-101 Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other. Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period. Party: means an individual and any other entity legally capable of entering into a binding contract. See Utah Code 70C-1-302 Person: means :Utah Code 68-3-12.5 Service of process: The service of writs or summonses to the appropriate party. State: when applied to the different parts of the United States, includes a state, district, or territory of the United States. See Utah Code 68-3-12.5