As used in this subchapter, unless the context otherwise requires:
(1) “Card issuer” means any person who issues a credit card or the agent of the person with respect to the credit card;
(2) “Cardholder” means any person to whom a credit card is issued or any person who has agreed with the card issuer to pay obligations arising from the issuance of a credit card to another person;
(3) “Credit” means the right granted by a creditor to a debtor to defer payment of debt or to incur debt and defer its payment;
(4) “Credit card” means any card, plate, coupon book, or other credit device existing for the purpose of obtaining money, property, labor, or services on credit;
(5)
(A) “Creditor” means a person who both:
(i) Regularly extends, whether in connection with loans, sales of property or services, or otherwise, consumer credit which is payable by agreement in more than four (4) installments or for which the payment of a finance charge is or may be required; and
(ii) Is the person to whom the debt arising from the consumer credit transaction is initially payable on the face of the evidence of indebtedness or, if there is no such evidence of indebtedness, by agreement.
(B) In the case of an open-end credit plan involving a credit card, the card issuer is a creditor.
(C) “Creditor” shall also include card issuers, whether or not the amount due is payable by agreement in more than four (4) installments;
(6)
(A) “Open-end credit plan” means a plan under which the creditor reasonably contemplates repeated transactions, which prescribes the terms of such transactions, and which provides for a finance charge which may be computed from time to time on the outstanding unpaid balance.
(B) A credit plan which is an open-end credit plan within the meaning of the preceding sentence is an open-end credit plan even if credit information is verified from time to time; and
(7) “Person” means a natural person or an organization.