Arranger of credit means a person who regularly arranges for the extension of consumer credit by another person in the following circumstances:
if a finance charge will be imposed;
if there are to be more than four installments; and
if the person extending the credit is not a creditor.
An arranger of credit does not include a real estate broker who arranges seller financing of a dwelling or real property.
A creditor under the Truth-in-Lending Act (Act) and Regulation Z includes not only the financier but also the "arranger of credit." 15 U.S.C.S. § 1602(f); 12 C.F.R. § 226.2(h), (s). Where an automobile dealer participates in the preparation of loan-contract documents and has a general knowledge of the credit company's terms, it is an "arranger of credit" subject to the Act. [Frazee v. Seaview Toyota Pontiac, 695 F. Supp. 1406 (D. Conn. 1988)]