N.Y. Gen. Bus. Law § 717

§ 717. Definitions. Whenever used in this article:\n 1. "Obligor" means a natural person.\n 2. "Creditor" means a person, partnership, corporation, association or\nother entity who in the ordinary course of business, regularly extends\nconsumer credit. The term creditor includes any agent of a creditor for\ncollection, processing or other purposes.\n 3. "Consumer credit" means credit extended to an obligor on an account\npursuant to a plan under which (a) the creditor may permit the obligor\nto make purchases or obtain loans, from time to time, directly from the\ncreditor or indirectly by use of a credit card, check, or other device,\nas the plan may provide; (b) the customer has the privilege of paying\nthe balance in full or in installments; and (c) a finance charge may be\ncomputed by the creditor from time to time on an outstanding unpaid\nbalance. The term does not include negotiated advances under an open end\nreal estate mortgage or a letter of credit.\n 4. "Interest" means that part of the entire amount agreed to be paid\nfor the purchase made or loan advanced which exceeds the aggregate of\nthe cash value of such purchases or loans and is deemed to include\nservice charges, time-price charges and per check charges.\n