(a) As used in this chapter, "creditor" means a person:
- (1) that regularly engages in the extension of mortgages that are subject to a credit service charge or loan finance charge, as applicable, or are payable by written agreement in more than four
- (4) installments (not including a down payment); and
- (2) to which the obligation is initially payable, either on the face of the note or contract, or by agreement if there is not a note or contract.
- (b) The term includes a mortgage servicer.
As added by P.L.105-2009, SEC.20.