Definitions[edit | edit source]

FACT Act[edit | edit source]

Under the Red Flags Rule, a creditor is defined as

any person who regularly extends, renews, or continues credit; any person who regularly arranges for the extension, renewal, or continuation of credit; or any assignee of an original creditor who participates in the decision to extend, renew, or continue credit.[1]

General[edit | edit source]

A creditor is a person or entity that is owed money by another person or entity.

References[edit | edit source]

  1. 15 U.S.C. §1691a.
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