US Codex
U.S.C.
Browse by date

View an earlier version

Latest
1 year ago
Sep 3, 2025
5 years ago
Sep 3, 2021
Browse all versions by date
Notes

§1691a. Definitions; rules of construction

Enacted 1974 · amended 1 time, last in 2010 · reading the current textFull lineage →

As of today

View this section as of a date

Notable points in this section's history

Latest NOW As last amended Jul 21, 2010 — Pub. L. 111–203
See the full lineage
Cited by 4 provisions · Cited in 5 regulations

15 U.S.C. § 1691a

(a)
The definitions and rules of construction set forth in this section are applicable for the purposes of this subchapter.
(b)
The term “applicant” means any person who applies to a creditor directly 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.
(c)
The term “Bureau” means the Bureau of Consumer Financial Protection.
(d)
The term “credit” means the right granted by a creditor to a debtor to defer payment of debt or to incur debts and defer its payment or to purchase property or services and defer payment therefor.
(e)
The term “creditor” means any person who regularly extends, renews, or continues credit; any person who regularly arranges for the extension, renewal, or continuation of credit; or any assignee of an original creditor who participates in the decision to extend, renew, or continue credit.
(f)
The term “person” means a natural person, a corporation, government or governmental subdivision or agency, trust, estate, partnership, cooperative, or association.
(g)
Any reference to any requirement imposed under this subchapter or any provision thereof includes reference to the regulations of the Bureau under this subchapter or the provision thereof in question.
Notes, amendments, and revision history

(Pub. L. 90–321, title VII, § 702, as added Pub. L. 93–495, title V, § 503, Oct. 28, 1974, 88 Stat. 1522; amended Pub. L. 111–203, title X, § 1085(1), (2), July 21, 2010, 124 Stat. 2083.)

Editorial Notes

Amendments

2010—Subsec. (c). Pub. L. 111–203, § 1085(2), added subsec. (c) and struck out former subsec. (c) which read as follows: “The term ‘Board’ refers to the Board of Governors of the Federal Reserve System.”

Subsec. (g). Pub. L. 111–203, § 1085(1), substituted “Bureau” for “Board”.

Statutory Notes and Related Subsidiaries

Effective Date of 2010 Amendment

Amendment by Pub. L. 111–203 effective on the designated transfer date, see section 1100H of Pub. L. 111–203, set out as a note under section 552a of Title 5, Government Organization and Employees.