Consumer Protection Law:
Credit The right granted by a creditor to pay in the future to buy or borrow in the present; a sum of money due a person or business.
Creditor A person or business from whom a consumer borrows or to whom a consumer owes money.
Disclosures Information that must be given to consumers about their financial dealings.
Lessee The party to whom property is leased. In a consumer lease, the lessee is the consumer. The lessee is required to make payments and to meet other obligations specified in the lease agreement.
Lessor The person or organization who regularly leases, offers to lease, or arranges for the lease of property.
