Loan Defined

Loan includes:

(a)The creation of debt by the lender's payment of or agreement to pay money to the debtor or to a third party for the account of the debtor;

(b)The creation of debt by the opening of an account with the lender entitling the debtor to draw immediately on the lender;

(c)The creation of a debt pursuant to a preexisting credit card or similar arrangement; and

(d)The forbearance of a debt arising from a loan.