Current with legislation from the 2024 Regular and Special Sessions effective through July 1, 2024.
Section 49-6b - DefinitionsFor the purposes of this section and sections 49-6c and 49-6d:
(1) "Person" includes individuals, partnerships, associations, limited liability companies and corporations;(2) "Creditor" means any person or the assignee of any person who in the ordinary course of business extends credit to a consumer debtor residing in this state;(3) "Consumer debtor" means any natural person to whom credit for personal, family or household purposes has been extended;(4) The adjective "consumer" characterizes the transaction as one in which the party to whom credit is offered or extended is a natural person, and the money, property or services which are the subject of the transaction are primarily for personal, family, or household use.(P.A. 86-268, S. 4; P.A. 95-79, S. 172, 189.)