Consumer credit transaction means a consumer credit sale or consumer loan, or a refinancing or consolidation thereof, or a consumer lease, or a consumer rental purchase agreement. Consumer Contract means an agreement between the Retailer and the Consumer that includes the supply of electricity and di...
Define consumer credit. consumer credit synonyms, consumer credit pronunciation, consumer credit translation, English dictionary definition of consumer credit. n. Credit granted to a consumer permitting the use or ownership of goods or services during a
Consumer creditmeans credit offered or extended to a consumer primarily for personal, family, or household purposes. Postconsumer wastemeans a finished material that would normally be Consumer obligormeans an obligor who is an individual and who incurred the obligation as part of a transaction entered...
forConsumer Credittransactions cannot disclose partial terms; either all the terms of the transaction or none of them must be spelled out. Finally, when the terms of credit provide for repayment in more than four installments, the agreement must conspicuously state that "the cost of credit is ...
businesses. Another major area for concern with regard to safety is online purchases. When a consumer completes a transaction over the Internet, a credit or debit card is commonly used. Anyone making a purchase in this manner should be sure the website uses data encryption for the transaction....
Furthermore, consumer credit options often provide the ability to initiate chargebacks. A chargeback is a mechanism that allows you to request a refund for a transaction directly from your credit card issuer. This can be particularly helpful if you have made a purchase from a merchant who is ...
Definition What Is the Consumer Credit Protection Act of 1968 (CCPA)? The Consumer Credit Protection Act Of 1968 (CCPA) is federal legislation that created protections for consumers from banks,credit cardcompanies, and other lenders. The act mandatesdisclosurerequirements that must be followed by con...
holder in due course if the underlying contract is breached. As such, the Federal Trade Commission and some states require consumer credit contracts (and sometimes consumer promissory notes) to contain the designation consumer paper. Th...
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If we do not complete a transaction to or from the Card on time or in the correct amount according to this Agreement, we may be liable for your losses or damages under section 910 of the Electronic Fund Transfer Act (Title IX of the Consumer Credit Protection Act, 15 U.S.C. §§ 16...