Rhode Island General Laws 6-48-4. Definitions
As used in this chapter:
(a) “Person” means any individual, partnership, corporation, trust, estate, cooperative, association, government or governmental subdivision or agency, or other entity.
(b) “Consumer” means an individual who is also a resident of this state.
(c) “Consumer reporting agency” has the meaning ascribed to it in 15 U.S.C. § 1681(a)(f).
(d) “Consumer report” has the meaning ascribed to it in 15 U.S.C. § 1681(a)(d).
(e) “Credit card” has the same meaning as in § 103 of 15 U.S.C. § 1601 et. seq. (The Truth in Lending Act.)
(f) “Debit card” means any card or device issued by a financial institution to a consumer for use in initiating an electronic fund transfer from the account holding assets of the consumer at such financial institution, for the purpose of transferring money between accounts or obtaining money, property, labor, or services.
(g) “Proper identification” means proper identification as defined in 15 U.S.C. § 1681h(a)(1).
(h) “Security freeze” means a notice placed in a consumer’s credit report at the request of the consumer and subject to certain exceptions, that prohibits the consumer reporting agency from releasing the consumer’s credit report or score related to the extension of credit.
(i) “Reviewing the account” or “account review” includes activities related to account maintenance, monitoring, credit line increases, and account upgrades and enhancements.
History of Section.
P.L. 2006, ch. 226, § 1; P.L. 2006, ch. 270, § 1.
Terms Used In Rhode Island General Laws 6-48-4
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Consumer: means an individual who is also a resident of this state. See Rhode Island General Laws 6-48-4
- Consumer reporting agency: has the meaning ascribed to it in Rhode Island General Laws 6-48-4
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Credit report: A detailed report of an individual's credit history prepared by a credit bureau and used by a lender in determining a loan applicant's creditworthiness. Source: OCC
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- Proper identification: means proper identification as defined in Rhode Island General Laws 6-48-4
- Truth in Lending Act: The Truth in Lending Act is a federal law that requires lenders to provide standardized information so that borrowers can compare loan terms. In general, lenders must provide information on Source: OCC