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" credit sale" refers to any sale with respect to which credit is extended or arranged by the seller. The term includes any contract in the form of a bailment or lease if the bailee or lessee contracts to pay as compensation for use a sum substantially... "
Code of Federal Regulations: Containing a Codification of Documents of ... - Page 312
1994
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The Code of Federal Regulations of the United States of America

Administrative law - 1995 - 456 pages
...penalty for cancelling during the first 4 months is considered to have a term of more than 4 months. A month-to-month or week-to-week extension of a lease...total value of the property and services involved; and (11) Will become (or has the option to become), for no additional consideration or for nominal consideration,...
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Code of Federal Regulations: Containing a Codification of Documents of ...

Administrative law - 1984 - 1238 pages
...penalty for cancelling during the first 4 months is considered to have a term of more than 4 months. A month-to-month or week-to-week extension of a lease...time by the consumer) under which the consumer— (1) Agrees to pay as compensation for use a sum substantially equivalent to, or in excess of, the total...
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Code of Federal Regulations: Containing a Codification of Documents of ...

Administrative law - 1996 - 474 pages
...Organization. A consumer lease does not Include a lease made to an organization, as defined in §213.200(9). A lease to an organization is outside the requirements...total value of the property and services Involved; and (li) Will become (or has the option to become), for no additional consideration or for nominal consideration,...
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The Code of Federal Regulations of the United States of America

Administrative law - 1990 - 734 pages
...finance charge. (16) "Credit sale" means a sale in which the seller is a creditor. The term includes a bailment or lease (unless terminable without penalty...of the property upon compliance with the agreement. (17) "Creditor" means: (i) A person (A) who regularly extends consumer credit 3 that is subject 3 A...
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Code of Federal Regulations: Containing a Codification of Documents of ...

Administrative law - 1997 - 852 pages
...finance charge. (16) Credit sale means a sale in which the seller is a creditor. The term includes a bailment or lease (unless terminable without penalty...total value of the property and services Involved; and (11) Will become (or has the option to become), for no additional consideration or for nominal consideration,...
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Code of Federal Regulations: Containing a Codification of Documents of ...

Administrative law - 2002 - 1006 pages
...finance charge. (16) Credit sale means a sale in which the seller is a creditor. The term includes a bailment or lease (unless terminable without penalty...compensation for use a sum substantially equivalent to, §226.4 (1) requires the use of a third party as a condition of or an incident to the extension of...
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Code of Federal Regulations: Containing a Codification of Documents of ...

Administrative law - 1998 - 460 pages
...that meets the definition of a credit sale in Regulation Z, 12 CFR 226.2(a)(16). which is defined, in part, as a bailment or lease (unless terminable...any time by the consumer) under which the consumer: l. Agrees to pay as compensation for use a sum substantially equivalent to, or in excess of, the total...
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Code of Federal Regulations: Containing a Codification of Documents of ...

Administrative law - 1979 - 1426 pages
...obtain credit. (16) "Credit sale" means a sale in which the seller is a creditor. The term includes a bailment or lease (unless terminable without penalty...any time by the consumer) under which the consumer: (1) Agrees to pay as compensation for use a sum substantially equivalent to, or in excess of, the total...
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Code of Federal Regulations: Containing a Codification of Documents of ...

Administrative law - 1971 - 600 pages
...The term includes any contract in the form of a bailment or lease if the bailee or lessee contracts to pay as compensation for use a sum substantially equivalent to or in excess of the aggregate value of the property and services involved and it is agreed that the bailee or lessee will...
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Automobile Financing: Hearings Before the Committee on the District of ...

United States. Congress. House. Committee on the District of Columbia - Automobile industry and trade - 1960 - 88 pages
...sale contract, and a contract in the form of a bailment or a lease if the bailee or lessee contracts to pay as compensation for use a sum substantially equivalent to or in excess of the value of the motor vehicle sold and it is agreed that the bailee or lessee is bound to become, or,...
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