§477E-2  Definitions.  As used in this
chapter:



"Applicant" means any person who
initially applies to a creditor directly for a loan or credit, or who directly
applies to a creditor 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.



"Credit" means the loan of money, or
the right granted by a creditor to a debtor to defer payment of debt, or to
incur debts and defer payment therefor, or to purchase property or services and
defer payment therefor.



"Creditor" [Definition effective until June
30, 2010.  For definition effective July 1, 2010, see below.] 



means any bank; savings and loan association; trust
company; financial services loan company; credit union; mortgage banker,
broker, or solicitor; pawnbroker; mutual benefit society or fraternal benefit
society; debt adjuster; the issuer of a credit card as defined in section
708-800; any person who initiates, extends, renews, or continues loans of money
or credit; any person who regularly arranges for the initiation, extension,
renewal, or continuation of a loan of money or credit; or any assignee of an
original creditor who participates in the decision to grant, extend, renew, or
to continue such loan or credit.



"Creditor" [Definition effective July 1,
2010.  For definition effective until June 30, 2010, see above.] 



means any bank; savings and loan association; trust
company; financial services loan company; credit union; mortgage banker,
broker, or solicitor; mortgage loan originator; pawnbroker; mutual benefit
society or fraternal benefit society; debt adjuster; the issuer of a credit
card as defined in section 708-800; any person who initiates, extends, renews,
or continues loans of money or credit; any person who regularly arranges for
the initiation, extension, renewal, or continuation of a loan of money or
credit; or any assignee of an original creditor who participates in the
decision to grant, extend, renew, or to continue a loan of money or credit.



"Person" means a natural person, a
corporation, government or governmental subdivision or agency, a trust, estate,
partnership, cooperative, or association. [L 1975, c 109, pt of §1; am L 1987,
c 283, §39; am L 1989, c 266, §3; am L 2008, c 19, §3; am L Sp 2009, c 32, §6]