{"data":{"id":"us-ny/n.y.-general-business-law-710","jurisdiction":"us-ny","citation":"N.Y. General Business Law § 710","heading":"Definitions","body":"§ 710. Definitions. Whenever used in this article:\n  1. \"Consumer\" means a natural person.\n  2. \"Creditor\" means a person, partnership, corporation, association or\nother entity who, in the ordinary course of business, regularly extends\nconsumer credit. The term creditor includes any agent of a creditor for\ncollection, processing or other purposes.\n  3. \"Consumer credit\" means credit extended to a consumer on an account\npursuant to a plan under which the creditor may permit the customer to\nmake purchases or obtain loans, from time to time, directly from the\ncreditor or indirectly by use of a credit card, check, or other device,\nas the plan may provide. The term does not include negotiated advances\nunder an open end real estate mortgage or a letter of credit.\n  4. \"Credit balance\" means any money or credit owed to, or held for the\nbenefit of, a consumer by a creditor on a consumer credit account,\nwhether resulting from an overpayment or return of merchandise by the\nconsumer, or otherwise.","path":["General Business Law","Article 34-A. Consumer Credit Balances"],"source_url":"https://legislation.nysenate.gov/api/3/laws/GBS/710","current_through":"2026-09-11","vintage":"","retrieved_at":"2026-09-14T19:32:44Z","sha256":"e238c94f77ecc50da54b04892c8e3b2ed8519adfbe58a6f9ee422d94eaf32947","source_id":"us-ny","stale":false,"prev":"us-ny/n.y.-general-business-law-707","next":"us-ny/n.y.-general-business-law-711"},"notice":"GroundRules: Original legal text. Not legal advice."}