As used in this article, the following words, terms and their
derivations shall have the following meanings unless their use in
the text of this article clearly demonstrates a different meaning
or references another provision of the Borough Code, or a statute
or regulation.
CREDITOR
For the purposes of Article
III of this chapter, the term "creditor" means a state-chartered bank, savings bank, savings and loan association or credit union, any person required to be licensed under the provisions of the New Jersey Residential Mortgage Lending Act, N.J.S.A. 17:11C-51 through N.J.S.A. 17:11C-89, and any entity acting on behalf of the creditor named in the debt obligation, including, but not limited to, servicers. Creditor shall not include the state, a political subdivision of the state, or a state, county, or local government entity, or their agent or assignee, such as the servicer.