§ 13-11-2-119 — "Lender"

Indiana § 13-11-2-119

• Jurisdiction: Indiana
• Art. 11: DEFINITIONS

Text

(a) "Lender", for purposes of IC 13-23-13,
means any of the following:
(1) An insured depository institution (as defined in Section 3 of
the Federal Deposit Insurance Act (12 U.S.C. 1813)).
(2) An insured credit union (as defined in Section 101 of the
Federal Credit Union Act (12 U.S.C. 1752)).
(3) A bank or association chartered under the Farm Credit Act of
1971 (12 U.S.C. 2001 et seq.).
(4) A leasing or trust company that is an affiliate of an insured
depository institution.
(5) A person (including a successor or assignee of the person)
that:
(A) makes a bona fide extension of credit to; or
(B) takes or acquires a security interest from;
a nonaffiliated person.
(6) The Federal National Mortgage Association, the Federal
Home Loan Mortgage Corporation, the Federal Agricultural
Mortgage Corporation, or an entity that buys or sells loans or
interests in loans in a bona fide manner.
(7) A person that:
(A) insures or guarantees against a default in the repayment of
an extension of credit; or
(B) acts as a surety with respect to an extension of credit;
to a nonaffiliated person.
(8) A person that provides title insurance and that acquires an
underground storage tank or aboveground storage tank as a result
of assignment or conveyance in the course of underwriting claims
and claims settlement.
(b) "Lender", for purposes of IC 13-24-1, means any of the
following:
(1) An insured depository institution (as defined in Section 3 of
the Federal Deposit Insurance Act (12 U.S.C. 1813)).
(2) An insured credit union (as defined in Section 101 of the
Federal Credit Union Act (12 U.S.C. 1752)).
(3) A bank or association chartered under the Farm Credit Act of
1971 (12 U.S.C. 2001 et seq.).
(4) A leasing or trust company that is an affiliate of an insured
depository institution.
(5) A person (including a successor or assignee of the person)
that:
(A) makes a bona fide extension of credit to; or
(B) takes or acquires a security interest from;
a nonaffiliated person.
(6) The Federal National Mortgage Association, the Federal
Home Loan Mortgage Corporation, the Federal Agricultural
Mortgage Corporation, or an entity that buys or sells loans or
interests in loans in a bona fide manner.
(7) A person that:
(A) insures or guarantees against a default in the repayment of
an extension of credit; or
(B) acts as a surety with respect to an extension of credit;
to a nonaffiliated person.
(8) A person that provides title insurance and that acquires a
petroleum facility as a result of assignment or conveyance in the
course of underwriting claims and claims settlement.
(c) "Lender", for purposes of IC 13-25-4, means any of the
following:
(1) An insured depository institution (as defined in Section 3 of
the Federal Deposit Insurance Act (12 U.S.C. 1813)).
(2) An insured credit union (as defined in Section 101 of the
Federal Credit Union Act (12 U.S.C. 1752)).
(3) A bank or association chartered under the Farm Credit Act of
1971 (12 U.S.C. 2001 et seq.).
(4) A leasing or trust company that is an affiliate of an insured
depository institution.
(5) A person (including a successor or assignee of the person)
that:
(A) makes a bona fide extension of credit to; or
(B) takes or acquires a security interest from;
a nonaffiliated person.
(6) The Federal National Mortgage Association, the Federal
Home Loan Mortgage Corporation, the Federal Agricultural
Mortgage Corporation, or an entity that buys or sells loans or
interests in loans in a bona fide manner.
(7) A person that:
(A) insures or guarantees against a default in the repayment of
an extension of credit; or
(B) acts as a surety with respect to an extension of credit;
to a nonaffiliated person.
(8) A person that provides title insurance and that acquires a
vessel or facility as a result of assignment or conveyance in the
course of underwriting claims and claims settlement.
[Pre-1996 Recodification Citation: 13-7-22.5-3.]

Legislative History

As added by P.L.1-1996, SEC.1. Amended by P.L.90-1998, SEC.5; P.L.113-2014, SEC.51; P.L.176-2023, SEC.20.