Texas Finance Code

§ 346.001 — DEFINITIONS

FI § 346.001Title 4. REGULATION OF INTEREST, LOANS, AND FINANCED TRANSACTIONS · Part B. LOANS AND FINANCED TRANSACTIONS · Ch. 346. REVOLVING CREDIT ACCOUNTS · Art. A. GENERAL PROVISIONS

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In this chapter:

(1)"Billing cycle" means the interval between periodic billing statements.

(2)"Credit card" means a card, confirmation, or identification or check or other written request by which a customer obtains access to a revolving credit account.

(3)"Creditor" means an authorized lender who directly or through another who honors a credit card issued by the person, extends credit, including money loaned, to a customer under an agreement that provides for the use of a credit card.

(4)"Customer" means a person who has accepted a revolving credit account.

Legislative history

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.