§ 604. Definitions. As used in this article, the following terms shall
have the following meanings:

1. "Consumer claim" means any obligation of a natural person for the
payment of money or its equivalent which is or is alleged to be in
default and which arises out of a transaction wherein credit has been
offered or extended to a natural person, and the money, property or
service which was the subject of the transaction was primarily for
personal, family or household purposes. Such term includes an obligation
of a natural person who is a co-maker, endorser, guarantor or surety as
well as the natural person to whom such credit was originally extended.

2. "Debtor" means any natural person who owes or who is asserted to
owe a consumer claim.

3. "Principal creditor" means any person, firm, corporation or
organization to whom a consumer claim is owed, due or asserted to be due
or owed, or any assignee for value of such person, firm, corporation or
organization. Such term shall include any person, firm or corporation
engaged in business, the principal purpose of which is to regularly
collect or attempt to collect debts obtained by or assigned to such
person, firm or corporation, that are in default when obtained or
acquired by such person, firm or corporation.