Legal Dictionary of Pakistan

Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.

Consumer Credit Code

See UNIFORM CONSUMER CREDIT CODE.

Consumer Credit Protection Act

A federa, statute that safeguards the consumer in connection with the use of credit by (1) requiring full disclosure of the terms of the loan agreement, including finance charges, (2) restricting the garnishment of wages, and (3) regulating the use of credit cards (15 USCA §§ 1601-1693). 0 Many states have adopted consumer-credit-protection acts. - Also termed Truth in Lending Act (abbr. TILA). See UNIFORM CONSUMER CREDIT CODE.

Uniform Consumer Credit Code

A uniform law. designed to simplify and modernize the consumer credit and usury laws, to improve consumer understanding of the terms of credit transactions, to protect consumers against unfair practices, and the like. ( This Code has been adopted by only a few states. - Abbr. UCCC; U3C. - Also termed Consumer Credit Code. See CONSUMER CREDIT PROTECTION ACT.

consumer credit

Credit extended to an individual to facilitate the purchase of consumer goods and services.