Texas Business and Commerce Code 601.001 – Definitions
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Terms Used In Texas Business and Commerce Code 601.001
- National Bank: A bank that is subject to the supervision of the Comptroller of the Currency. The Office of the Comptroller of the Currency is a bureau of the U.S. Treasury Department. A national bank can be recognized because it must have "national" or "national association" in its name. Source: OCC
- Personal property: All property that is not real property.
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
In this chapter:
(1) “Consumer” means an individual who seeks or acquires real property, money or other personal property, services, or credit for personal, family, or household purposes.
(2) “Consumer transaction” means a transaction between a merchant and one or more consumers.
(3) “Merchant” means a party to a consumer transaction other than a consumer.
(4) “Merchant’s place of business” means a merchant’s main or permanent branch office or local address. For a state or national bank or savings and loan association, the term includes an approved branch office and a registered loan production office.