Word (or Phrase) of the Day – Arranger of redit

Real Estate Word of the Day – Learning Real Estate One Word or Phrase at a Time…

Arranger of Credit

As defined under the federal Truth in Lending Act, a person who regularly arranges for the extension of consumer credit by another person if a finance charge will be imposed, if there are to be more than four installments, and if the person extending the credit is not a creditor.

At present, the term does not include a real estate broker who arranges seller financing of a dwelling or real property.

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