Uniform Consumer Credit Code. A uniform law designed to simplify and modernize the consumer credit and usury laws, to improve consumer understanding of the terms of credit transactions, to protect consumers against unfair practices, and the like. • This Code has been adopted by only a few states. — Abbr. UCCC; U3C. — Also termed […]
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consumer credit transaction 消费者信贷交易 指个人通过贷款购买消费商品、服务或农用品的交易，此类交易一般应遵守有关保护消费者权益的法规。
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credit rating. An evaluation of a potential borrower’s ability to repay debt, prepared by a credit bureau at the request of a lender. [Cases: Credit Reporting Agencies 1–4. C.J.S. Credit Reporting Agencies; Consumer Protection §§ 2–22.]
credit-reporting bureau. An organization that, on request, prepares investigative reports not just on people’s creditworthiness but also on personal information gathered from various sources, including interviews with neighbors, friends, and coworkers. • These reports are used chiefly by employers (for prospective employees), insurance companies (for applicants), and landlords (for prospective tenants). — Also termed investigating
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fair-credit-reporting act. A federal or state law that regulates the keeping of credit reports and ensures the right of consumers to get and correct their credit reports. • The federal Fair Credit Reporting Act was enacted in 1970. 15 USCA §§ 1681–1681u. [Cases: Credit Reporting Agencies 1–4. C.J.S. Credit Reporting Agencies; Consumer Protection §§ 2–22.]
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The area of law dealing with consumer transactions — that is, a person’s obtaining credit, goods, real property, or services for personal, family, or household purposes. —
consumer. A person who buys goods or services for personal, family, or household use, with no intention of resale; a natural person who uses products for personal rather than business purposes. [Cases: Consumer Protection 1. C.J.S. Credit Reporting Agencies; Consumer Protection § 23.]
A consumer-credit arrangement that allows the borrower to buy goods or secure loans on a continuing basis as long as the outstanding balance does not exceed a specified limit. — Also termed open credit; revolving charge account. Cf. revolver loan under LOAN. [Cases: Consumer Credit 34. C.J.S. Interest and Usury; Consumer Credit § 319.]
credit-card crime. The offense of using a credit card to purchase something with knowledge that (1) the card is stolen or forged, (2) the card has been revoked or canceled, or (3) the card’s use is unauthorized. [Cases: Consumer Credit 20. C.J.S. Interest and Usury; Consumer Credit §§ 315–316, 365.]
credit card. An identification card used to obtain items on credit, usu. on a revolving basis. See revolving credit under CREDIT. Cf. DEBIT CARD. [Cases: Consumer Credit 8. C.J.S. Interest and Usury; Consumer Credit §§ 348–349.]