Indiana § 24-4.5-3-106 "Loan"

Indiana Statutes

§ 24-4.5-3-106 — "Loan"

Indiana § 24-4.5-3-106

Art. 4.5UNIFORM CONSUMER CREDIT CODE

Ch. 3Loans

This text of Indiana § 24-4.5-3-106 ("Loan") is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 24-4.5-3-106 (2026).

Text

Definition: "Loan" — "Loan" includes

(1)the creation of debt by the lender's payment of or agreement to pay money to the debtor or to a third party for the account of the debtor;

(2)the creation of debt by a credit to an account with the lender upon which the debtor is entitled to draw immediately;

(3)the creation of debt pursuant to a lender credit card or similar arrangement; and

(4)the forbearance of debt arising from a loan. Formerly: Acts 1971, P.L.366, SEC.4.

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Definition: "Loan" — "Loan" includes
(1) the creation of debt by the lender's payment of or agreement to
pay money to the debtor or to a third party for the account of the
debtor;
(2) the creation of debt by a credit to an account with the lender
upon which the debtor is entitled to draw immediately;
(3) the creation of debt pursuant to a lender credit card or similar
arrangement; and
(4) the forbearance of debt arising from a loan.
Formerly: Acts 1971, P.L.366, SEC.4.