{"data":{"id":"us-ky/krs-367.600","jurisdiction":"us-ky","citation":"KRS 367.600","heading":"Definitions.","body":"As used in KRS 367.610:\n(1) \"Person\" means an individual, corporation, or any other business organization.\n(2) \"Consumer\" means a natural person who seeks or acquires goods or services for\npersonal, family, or household use.\n(3) \"Creditor\" means a person who, in the ordinary course  of business, lends purchase\nmoney or finances the sale of goods or services to consumers on a deferred payment\nbasis, provided such person is not acting, for the purposes of a particular\ntransaction, in the capacity of a credit card issuer.\n(4) \"Purchase money loan\" means a cash advance which is received by a consumer in\nreturn for a finance charge, which is applied, in whole or substantial part, to a\npurchase of goods or services from a seller who:\n(a) Refers consumers to the creditor; or\n(b) Is affiliat ed with the creditor by common control, contract, or business\narrangement.\n(5) \"Consumer credit contract\" means any instrument which evidences or embodies a\ndebt arising from a \"purchase money loan\" transaction or in which credit is\nextended by a seller or lessor in connection with a sale or lease to a consumer.","path":["KRS Chapter 367"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=35023","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:59:04Z","sha256":"b53e7b4fde9bfd4d34ba8206db4c3f69649466c1034ff678ab85fecb7ac09bbf","source_id":"us-ky","stale":false,"prev":"us-ky/krs-367.585","next":"us-ky/krs-367.610"},"notice":"GroundRules: Original legal text. Not legal advice."}