Iowa Code 537.7102 – Definitions
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Terms Used In Iowa Code 537.7102
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- person: means individual, corporation, limited liability company, government or governmental subdivision or agency, business trust, estate, trust, partnership or association, or any other legal entity. See Iowa Code 4.1
537.7102 Definitions.
As used in this article, unless the context otherwise requires:
1. “”Administrator”” means the person designated in § 537.6103.
2. “”Creditor””, for the purposes of this article, means the person to whom a debtor is obligated, either directly or indirectly, on a debt.
3. “”Debt”” means an actual or alleged obligation arising out of a consumer credit transaction, consumer rental purchase agreement, or a transaction which would have been a consumer credit transaction either if a finance charge was made, if the obligation was not payable in installments, if a lease was for a term of four months or less, or if a lease was of an interest in land. A debt includes a check as defined in § 554.3104 given in a transaction in connection with a consumer rental purchase agreement, in a transaction which was a consumer credit sale or in a transaction which would have been a consumer credit sale if credit was granted and if a finance charge was made, or in a transaction regulated under chapter 533D.
4. “”Debt collection”” means an action, conduct or practice in soliciting debts for collection or in the collection or attempted collection of a debt.
5. “”Debt collector”” means a person engaging, directly or indirectly, in debt collection, whether for the person, the person’s employer, or others, and includes a person who sells, or offers to sell, forms represented to be a collection system, device, or scheme, intended to be used to collect debts.
6. “”Debtor””, for the purposes of this article, means the person obligated. [C75, 77, 79, 81, §537.7102]
87 Acts, ch 137, §3; 89 Acts, ch 128, §4; 95 Acts, ch 139, §17
Referred to in §80A.1, 85.27, 537.1303, 537.6201, 715C.1
As used in this article, unless the context otherwise requires:
1. “”Administrator”” means the person designated in § 537.6103.
2. “”Creditor””, for the purposes of this article, means the person to whom a debtor is obligated, either directly or indirectly, on a debt.
3. “”Debt”” means an actual or alleged obligation arising out of a consumer credit transaction, consumer rental purchase agreement, or a transaction which would have been a consumer credit transaction either if a finance charge was made, if the obligation was not payable in installments, if a lease was for a term of four months or less, or if a lease was of an interest in land. A debt includes a check as defined in § 554.3104 given in a transaction in connection with a consumer rental purchase agreement, in a transaction which was a consumer credit sale or in a transaction which would have been a consumer credit sale if credit was granted and if a finance charge was made, or in a transaction regulated under chapter 533D.
4. “”Debt collection”” means an action, conduct or practice in soliciting debts for collection or in the collection or attempted collection of a debt.
5. “”Debt collector”” means a person engaging, directly or indirectly, in debt collection, whether for the person, the person’s employer, or others, and includes a person who sells, or offers to sell, forms represented to be a collection system, device, or scheme, intended to be used to collect debts.
6. “”Debtor””, for the purposes of this article, means the person obligated. [C75, 77, 79, 81, §537.7102]
87 Acts, ch 137, §3; 89 Acts, ch 128, §4; 95 Acts, ch 139, §17
Referred to in §80A.1, 85.27, 537.1303, 537.6201, 715C.1