The following definitions apply to this act and appear in this article as follows: "Annual percentage rate" - Section 3-304(2) "Consumer loan" - Section 3-104 "Consumer related loan" - Section 3-602(1) "Corresponding nominal annual percentage rate" - Section 3- 304(3). "Lender" - Section 3-107(1) "Loan" - Section 3-106 "Loan finance charge" - Section 3-109 "Loan primarily secured by an interest in land" - Section 3-105
"Precomputed" - Section 3-107(2) "Principal" - Section 3-107(3) "Revolving loan account" - Section 3-108 "Supervised lender" - Section 3-501(2) "Supervised loan" - Section 3-501(1) Laws 1969, c. 352, § 3-103, eff. July 1, 1969.