The IT Law Wiki


32,084pages on
this wiki
Add New Page
Add New Page Talk0

Definitions Edit

FACT Act Edit

Under the Red Flags Rule, a creditor is defined as

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.[1]

General Edit

A creditor is a person or entity that is owed money by another person or entity.

References Edit

  1. 15 U.S.C. §1691a.

Also on Fandom

Random Wiki