14 GCA § 3107: Lender; Precomputed; Premium Finance Loan; Principal; All Defined.

(1) Lender means a person who makes a loan and any transferee of a lender's right to payment.

(2) A loan, refinancing or consolidation is precomputed if the debt is expressed as a sum comprising the principal and the amount of the loan finance charge computed in advance.

(3) Premium Finance Loan is a consumer loan made primarily for the purpose of paying an insurer, or other person on behalf of the insurer, the amount of premiums on insurance issued for the benefit of the debtor.

(4) Principal of a loan means the total of (a) the net amount paid to, receivable by or paid or payable for the account of the debtor, (b) the amount of any discount described in § 3110(2) (loan finance charge), (c) amounts actually paid or to be paid by the lender for registration, certificate of title or license fees if not included in (a), and (d) additional charges permitted by this Chapter (§ 3202).