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consumer goods.See GOODS.[Blacks Law 8th]

consumer finance company.See FINANCE COMPANY. [Blacks Law 8th]

consumer-expectation test.See CONSUMER-CONTEMPLATION TEST. [Blacks Law 8th]

consumer debt.See DEBT. [Blacks Law 8th]

consumer-credit transaction.A transaction by which a person receives a loan for buying consumer goods or services. • Consumer-credit transactions are usu. subject to regulations enacted for the consumer’s protection. [Cases: Consumer Credit  1, 3. C.J.S. Interest and Usury; Consumer Credit§§ 274, 280–293, 306.][Blacks Law 8th]

consumer-credit sale.See SALE. [Blacks Law 8th]

Consumer Credit Protection Act.A federal statute that safeguards consumers in the use of credit by (1) requiring full disclosure of the terms of loan agreements, including finance charges, (2) restricting the garnishment of wages, and (3) regulating the use of credit cards. 15 USCA §§ 1601–1693. • Many states have also adopted consum-er-credit-protection acts. — Also…

Consumer Credit Code.See UNIFORM CONSUMER CREDIT CODE. [Blacks Law 8th]

consumer credit.See CREDIT(4). [Blacks Law 8th]

consumer-contemplation test.A method of imposing product liability on a manufacturer if the evidence shows that a product’s danger is greater than that which a reasonable consumer would expect. — Also termed consum-er-user-contemplation test; consumer-expectation test. Cf. RISK-UTILITY TEST. [Cases: Products Liability  8. C.J.S. Products Liability §§ 11–15.]