Definitions.

As used in this chapter — “revolving credit account” means a revolving credit account as defined in section 28-3701 of this subtitle; “consumer credit sale” means a sale of goods or services in which — a credit is granted by a person who regularly engages as a seller in credit transactions of the same kind; the buyer is a natural person; the goods or services are purchased primarily for a personal, family, household, or agricultural purpose; either the debt is payable in installments or a finance charge is made; and the amount financed does not exceed $25,000. “direct installment loan” means a direct installment loan as that term is used in section 28-3308 and does not include a loan secured on real estate or a direct motor vehicle installment loan covered by Chapter 36 of this subtitle. “cross collateral” means an arrangement wherein a seller in a “consumer credit sale” secures a debt arising from the sale by contracting for a security interest in other property if as a result of a prior sale the seller has an existing security interest in the other property. The seller may also contract for a security interest in the property sold in the subsequent sale as a security for the previous debt.