Installment sellers and loan-affiliated installment sellers must endeavor, based on correct credit information obtained using a jointly incorporated credit bureau (meaning a person that collects credit information and provides it to installment sellers and loan-affiliated installment sellers in the course of trade; the same applies below) and by other means, not to make installment sales or loan-affiliated installment sales that give rise to installment payments, etc. payable by the user, purchaser, or service recipient which are found to exceed that user's, purchaser's, or service recipient's ability to pay.
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installment sale
「割賦販売」
Selling designated goods or rights (指定商品, 指定権利), or providing designated services (指定役務), either on terms that the price is received over two months or more in three or more payments (including out of deposits the buyer makes with a bank the seller names), or to a user given a card or similar means (カード等) on terms that the user pays, at set intervals, an amount worked out by a set method from the total bought.
Defined inArticle 2, paragraph (1)· applies throughout the law
loan-affiliated installment sale
「ローン提携販売」
Selling designated goods or rights (指定商品, 指定権利), or providing designated services (指定役務), to a user who has been given a card or similar means (カード等) and borrows the price, with the seller guaranteeing the user's loan (or having a professional guarantor do so), where the loan is repaid over two months or more in three or more installments, or in amounts worked out at set intervals from the total borrowed.
Defined inArticle 2, paragraph (2)· applies throughout the law
installment seller
「割賦販売業者」
A person whose business is installment sales (割賦販売).
Short name set inArticle 3, paragraph (1)
installmentmachine translation
「賦払金」
Each payment of the price due under an installment sale (割賦販売).
Defined inArticle 4, paragraph (1), item (ii)
loan-affiliated installment seller
「ローン提携販売業者」
A person whose business is loan-affiliated installment sales (ローン提携販売).
Short name set inArticle 29-2, paragraph (1)
credit informationmachine translation
「信用情報」
In Articles 35-3-41, 38 and 39, information on the ability to pay of users (利用者) given a card or similar means under Article 2, paragraph (1), item (ii) or paragraph (3), item (i), or of purchasers or service recipients.
Defined inArticle 35-3-41, paragraph (1)· applies only in this provision and in Articles 38 and 39
jointly incorporated credit bureau
「信用情報機関」
A person whose business is collecting credit information (信用情報) and providing it to installment sellers (割賦販売業者) and loan-affiliated installment sellers (ローン提携販売業者) — a credit bureau, which Article 38 asks those sellers to set up together and use.
Defined inArticle 38, paragraph (1)