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Current as of January 01, 2024 | Updated by Findlaw Staff
For the purpose of this chapter:
(1) “Mayor” means the Mayor of the District of Columbia.
(1A) “Commissioner” means the Commissioner of the Department of Insurance, Securities, and Banking.
(2) “Credit life insurance” means insurance issued on the life of a debtor pursuant to or in connection with a specific loan or other credit transaction.
(3) “Credit accident and health insurance” means insurance against the disability of a debtor which provides indemnity for payments on a specific loan or other credit transaction.
(4) “Creditor” means the lender of money or vendor of goods, services, or property, including a lessor under a lease intended as a security, for which payment is arranged through a loan or other credit transaction, and includes any successor to the right, title, or interest of any such lender, vendor, or lessor.
(5) “Debtor” means a borrower of money or purchaser of goods, services, or property, including a lessee under a lease intended as a security, for which payment is arranged through a loan or other credit transaction.
(6) “District” means the District of Columbia.
(7) “Indebtedness” means the amount payable by a debtor to a creditor in connection with a loan or other credit transaction.
(8) Repealed.
Cite this article: FindLaw.com - District of Columbia Code Division V. Local Business Affairs § 31-5102. Definitions. - last updated January 01, 2024 | https://codes.findlaw.com/dc/division-v-local-business-affairs/dc-code-sect-31-5102/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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