---
kind: "section"
citation: "16 C.F.R. § 433.1"
title: "16"
number: "433.1"
heading: "Definitions."
url: "https://uscodex.org/cfr/16/433.1"
---

# §433.1. Definitions.

- (a) **Person.** An individual, corporation, or any other business organization.
- (b) **Consumer.** A natural person who seeks or acquires goods or services for personal, family, or household use.
- (c) **Creditor.** A person who, in the ordinary course of business, lends purchase money or finances the sale of goods or services to consumers on a deferred payment basis; Provided, such person is not acting, for the purposes of a particular transaction, in the capacity of a credit card issuer.
- (d) **Purchase money loan.** A cash advance which is received by a consumer in return for a “Finance Charge” within the meaning of the Truth in Lending Act and Regulation Z, which is applied, in whole or substantial part, to a purchase of goods or services from a seller who (1) refers consumers to the creditor or (2) is affiliated with the creditor by common control, contract, or business arrangement.
- (e) **Financing a sale.** Extending credit to a consumer in connection with a “Credit Sale” within the meaning of the Truth in Lending Act and Regulation Z.
- (f) **Contract.** Any oral or written agreement, formal or informal, between a creditor and a seller, which contemplates or provides for cooperative or concerted activity in connection with the sale of goods or services to consumers or the financing thereof.
- (g) **Business arrangement.** Any understanding, procedure, course of dealing, or arrangement, formal or informal, between a creditor and a seller, in connection with the sale of goods or services to consumers or the financing thereof.
- (h) **Credit card issuer.** A person who extends to cardholders the right to use a credit card in connection with purchases of goods or services.
- (i) **Consumer credit contract.** Any instrument which evidences or embodies a debt arising from a “Purchase Money Loan” transaction or a “financed sale” as defined in paragraphs [(d)](#d) and [(e)](#e) of this section.
- (j) **Seller.** A person who, in the ordinary course of business, sells or leases goods or services to consumers.

## Notes

### Amendments

[40 FR 53506, Nov. 18, 1975]

### Authority

Authority: 38 Stat. 717, as amended; (15 U.S.C. 41, et seq. )

### Amendments

[40 FR 53506, Nov. 18, 1975]