MLchartDataset catalogue

Consumer credit

Term · Law · MLC-T-LAW-001237

Credit extended to individuals for personal, family, or household purposes, rather than for business or commercial use. This includes loans for purchases like cars, homes, and education, as well as credit card debt. Consumer credit is regulated by laws such as the Truth in Lending Act, which requires disclosure of terms.

Table 1. Record
IdentifierMLC-T-LAW-001237
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-001237",
  "term": "Consumer credit",
  "field": "Law",
  "definition": "Credit extended to individuals for personal, family, or household purposes, rather than for business or commercial use. This includes loans for purchases like cars, homes, and education, as well as credit card debt. Consumer credit is regulated by laws such as the Truth in Lending Act, which requires disclosure of terms.",
  "url": "https://mlchart.com/terminology/law/consumer-credit/"
}

Record 1,078 of 5,441 in Law terminology (MLC-0107). Request the full dataset.