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.
