KRS 304.19-020: Definitions for KRS 304.19-020 to 304.19-140.

For the purpose of KRS 304.19-020 to 304.19-140:

(1) "Credit health insurance" means insurance on a debtor to provide indemnity for

payments becoming due on a specific loan or other credit transaction while the

debtor is disabled as defined in the policy;

(2) "Credit life insurance" means insurance on the life of a debtor pursuant to or in

connection with a specific loan or other credit transaction;

(3) "Creditor" means the lender of money or vendor or lessor of goods, services, or

property, rights or privi leges, for which payment is arranged through a credit

transaction, or any successor to the right, title or interest of any such lender, vendor,

or lessor, and an affiliate, associate or subsidiary of any of them, or any director,

officer or employee of any of them, or any other person in any way associated with

any of them;

(4) "Debtor" means a borrower of money or a purchaser or lessee of goods, services,

property, rights or privileges for which payment is arranged through a credit

transaction;

(5) "Indebtedness" means the total amount payable by a debtor to a creditor in

connection with a loan or other credit transaction; and

(6) "Joint credit life or credit health" shall mean insurance on the life of the debtor and

the spouse of the debtor, partners, or any other legal cosigner.