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

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

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

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

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

(5)  Indebtedness means the total amount payable by adebtor to a creditor in connection with a loan or other credit transaction. [L1987, c 347, pt of §2]