


LAWDOG Equal Credit
Opportunity Act: Definitions & Exceptions
Account
LAWDOG is intended
to assist in the understanding of basic concepts. See Disclaimer. Always
obtain legal advice from legal professionals.
Section 202.2. Definitions.
For the purposes of this regulation, unless the context indicates
otherwise, the following definitions apply.
(a) Account means an extension of credit.
When employed in relation to an account, the word use refers only to open-end
credit.
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