Credit Regulation
/ˈkrɛdɪt ˌrɛɡjʊˈleɪʃən/
Definitions
- (n.) Legal framework governing the issuance, terms, and enforcement of credit agreements between lenders and borrowers.
The new credit regulation requires lenders to disclose all fees before issuing a loan.
- (n.) Statutory or administrative rules designed to protect consumers and ensure fair practices in credit markets.
Credit regulations aim to prevent predatory lending and safeguard consumer rights.
Forms
- credit regulation
Related terms
See also
Commentary
Credit regulation typically involves statutory provisions and regulatory oversight to balance lender interests with borrower protections; drafters should ensure clarity on definitions and scope of credit products covered.
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.