N.Y. General Business Law § 701: Definitions

§ 701. Definitions. Whenever used in this article:

1. "Consumer" means a natural person.

2. "Creditor" means a person, partnership, corporation, association or

other entity who, in the ordinary course of business, regularly extends

consumer credit.

3. "Consumer credit" means credit extended to a consumer, primarily

for personal, family or household purposes, pursuant to a plan under

which the creditor may permit the consumer to make purchases or obtain

loans, from time to time, directly from the creditor or indirectly by

use of a credit card, check or other device, as the plan may provide.

4. "Billing error" means the initial occurrence of an error by

omission or commission by the creditor in a billing statement given to

the consumer by the creditor in (a) posting any debit or credit or (b)

the computation of any amount or (c) any similar error of an accounting

nature or (d) posting any debit for goods which were not received by the

consumer as required by the provisions of subdivision fourteen of

section four hundred thirteen of the personal property law.