Credit Law
/ˈkrɛdɪt lɔː/
Definitions
- (n.) The body of law governing the extension, regulation, and enforcement of credit and debt obligations.
The credit law requires lenders to disclose interest rates clearly to consumers.
- (n.) Statutes and regulations that protect consumers in credit transactions.
Under credit law, consumers have the right to dispute inaccurate credit information.
Forms
- credit law
Related terms
See also
Commentary
Credit law often overlaps with consumer protection regulations and financial compliance rules; precise drafting should specify the applicable scope and jurisdiction.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.