§431:10B-103  Definitions.  For the
purpose of this article:



(1)  Credit life insurance means insurance on the life
of a debtor pursuant to or in connection with a specific loan or other credit
transaction;



(2)  Credit disability insurance means insurance on a
debtor to provide indemnity for payments becoming due on a specific loan or
other credit transaction while the debtor is disabled as defined in the policy;



(3)  Creditor means the lender of money, or seller or
lessor of goods, services, or property, rights, or privileges, for which
payment is arranged through a credit transaction, or any successor to the
right, title, or interest of any such lender, seller or lessor, and an
affiliate, associate or subsidiary of any of them or any director, officer or employee
of any of them, or any other person in any way associated with any of them;



(4)  Debtor means a borrower of money or a purchaser
or lessee of goods, services, property, rights, or privileges for which payment
is arranged through a credit transaction;



(5)  Indebtedness means the total amount payable by a
debtor to a creditor in connection with a loan or other credit transaction. [L
1987, c 347, pt of §2]