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Can you summarize ORRS 646A.242?

Trade Regulation > Creditor defined.

Short Summary

As used in ORS 646A.240 to 646A.244, creditor means a person who, in the ordinary course of the persons business, regularly permits debtors to defer payment of their debts, or to incur debt and defer the payment thereof, and in either case, to pay the same with a finance charge or in more than four installments. [Formerly 646.863]

Jurisdiction

Oregon

Source
ORRS 646A.242 [https://reggi.cloud.regology.com/regulations/US-ORRS/US-ORRS_T_16_T_50_C_646A_S_242]