407.635. Definitions. — As used in sections 407.635 to 407.644, the following words and phrases shall mean:
(1) "Buyer", an individual who is solicited to purchase or who purchases the services of a credit services organization;
(2) "Consumer reporting agency" has the meaning assigned by section 603(f) of the federal Fair Credit Reporting Act, 15 U.S.C. Section 1681a(f);
(3) "Extension of credit", the right to defer payment of debt or to incur debt and defer its payment offered or granted primarily for personal family or household purposes.
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(L. 1991 S.B. 112 § 1)
---- end of effective 28 Aug 1991 ----
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