MARVIN MANDEL, Governor

449

IN THIS SUBTITLE THE FOLLOWING WORDS HAVE THE
MEANINGS INDICATED.

REVISOR'S NOTE: This subsection is new language used
as the standard introductory language to a
definition section.

(B) ACCOUNT.

"ACCOUNT" MEANS A RETAIL CREDIT ACCOUNT.

REVISOR'S NOTE: This subsection is new language
added to permit the brief usage of "account"
without unnecessary repetition of the phrase
"retail credit."

(C) BUYER.

(1)        "BUYER" MEANS A PERSON WHO, UNDER A

RETAIL CREDIT ACCOUNT TRANSACTION, BUYS GOODS OR OBTAINS
SERVICES FROM A SELLER NOT PRINCIPALLY FOR THE PURPOSE OF
RESALE;

(2) "BUYER" INCLUDES:

(i) A PERSON WHO ENTERS INTO A PRIOR
AGREEMENT WITH A FINANCIAL INSTITUTION BY WHICH THE
FINANCIAL INSTITUTION AGREES TO PAY THE DEBTS OF THE
BUYER AS THEY ACCRUE AT VARIOUS RETAIL SELLERS DESIGNATED
BY THE FINANCIAL INSTITUTION, IN CONSIDERATION OF WHICH
THE BUYER PAYS TO THE FINANCIAL INSTITUTION THE CASH SALE
PRICE AND THE FINANCE CHARGE; AND

(ii) A PROSPECTIVE BUYER.

REVISOR'S NOTE: This subsection presently appears as
Art. 83, §153A(d).

The words   "finance charge" are substituted for

"service       charge"; in this regard, see

revisor's note to subsection (f) of this
section.

Reference to a "prospective buyer" is added to
avoid unnecessary repetition in this subtitle.
See e.g., Art. 83, §153C(b)(1).

The only other changes are in style.

(D) CASH SALE PRICE.

(1) "CASH SALE PRICE" MEANS THE PRICE FOR
WHICH THE SELLER WOULD SELL OR FURNISH TO THE BUYER THE
GOODS OR SERVICES WHICH ARE THE SUBJECT OF A RETAIL