(815 ILCS 160/1) (from Ch. 17, par. 7101)
Sec. 1.
Definitions.
For the purpose of this Act, the following
terms have the meanings given them:
(1) "Credit agreement" means an agreement or commitment by a creditor to
lend money or extend credit or delay or forbear repayment of money not
primarily for personal, family or household purposes, and not in connection
with the issuance of credit cards.
(2) "Creditor" means a person engaged in the business of lending money
or extending credit.
(3) "Debtor" means a person who obtains credit or seeks a credit
agreement or claims the existence of a credit agreement with a creditor or
who owes money to a creditor.
(4) "Person" means an individual, corporation, partnership, joint
venture, trust estate, unincorporated association or other entity.
(Source: P.A. 86-613.)
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