### Question
How is the "consumer credit transaction" defined?


### Answer
The term **consumer credit transaction** is defined in *15 U.S.C. § 1679a* as follows -

> any transaction in which credit is offered or extended to an individual for personal, family, or household purposes

#### Citation:
  - *15 U.S.C. § 1679a*
  - Heading: **CHAPTER 41-CONSUMER CREDIT PROTECTION > SUBCHAPTER IIdashA-CREDIT REPAIR ORGANIZATIONS**

