### Question
What is the definition of new credit plan?


### Answer
The definition of **new credit plan** is as follows in *15 U.S.C. § 1681a*:

> a new account under an open end credit plan (as defined in section 1602(i) of this title) or a new credit transaction not under an open end credit plan

#### Citation:
  - *15 U.S.C. § 1681a*
  - Heading: **CHAPTER 41-CONSUMER CREDIT PROTECTION > SUBCHAPTER III-CREDIT REPORTING AGENCIES**

