18 U.S.C. § 891 : US Code - Section 891: Definitions and rules of construction

Search 18 U.S.C. § 891 : US Code - Section 891: Definitions and rules of construction

For the purposes of this chapter:
(1) To extend credit means to make or renew any loan, or to enter
into any agreement, tacit or express, whereby the repayment or
satisfaction of any debt or claim, whether acknowledged or
disputed, valid or invalid, and however arising, may or will be
deferred.
(2) The term "creditor", with reference to any given extension of
credit, refers to any person making that extension of credit, or to
any person claiming by, under, or through any person making that
extension of credit.
(3) The term "debtor", with reference to any given extension of
credit, refers to any person to whom that extension of credit is
made, or to any person who guarantees the repayment of that
extension of credit, or in any manner undertakes to indemnify the
creditor against loss resulting from the failure of any person to
whom that extension of credit is made to repay the same.
(4) The repayment of any extension of credit includes the
repayment, satisfaction, or discharge in whole or in part of any
debt or claim, acknowledged or disputed, valid or invalid,
resulting from or in connection with that extension of credit.
(5) To collect an extension of credit means to induce in any way
any person to make repayment thereof.
(6) An extortionate extension of credit is any extension of
credit with respect to which it is the understanding of the
creditor and the debtor at the time it is made that delay in making
repayment or failure to make repayment could result in the use of
violence or other criminal means to cause harm to the person,
reputation, or property of any person.
(7) An extortionate means is any means which involves the use, or
an express or implicit threat of use, of violence or other criminal
means to cause harm to the person, reputation, or property of any
person.
(8) The term "State" includes the District of Columbia, the
Commonwealth of Puerto Rico, and territories and possessions of the
United States.
(9) State law, including conflict of laws rules, governing the
enforceability through civil judicial processes of repayment of any
extension of credit or the performance of any promise given in
consideration thereof shall be judicially noticed. This paragraph
does not impair any authority which any court would otherwise have
to take judicial notice of any matter of State law.