§ 24-4.5-6-102 — Applicability; "consumer credit sale"; "consumer loan"

Indiana § 24-4.5-6-102

• Jurisdiction: Indiana
• Art. 4.5: UNIFORM CONSUMER CREDIT CODE
• Ch. 6: Administration

Text

(a) IC 24-4.5-6-101 through IC 24-4.5-6-117 apply to persons who:
(1) make or solicit consumer credit sales, consumer leases,
consumer loans, consumer related sales (IC 24-4.5-2-602), and
consumer related loans (IC 24-4.5-3-602); or
(2) directly collect payments from or enforce rights against
debtors arising from sales, leases, or loans specified in subsection
(1), wherever they are made.
(b) For purposes of IC 24-4.5-6-101 through IC 24-4.5-6-117:
(1) "Consumer credit sale" includes a sale that is a first lien
mortgage transaction if the sale is otherwise a consumer credit
sale.
(2) "Consumer loan" includes a loan that is a first lien mortgage
transaction if the loan is otherwise a consumer loan.
Formerly: Acts 1971, P.L.366, SEC.7. As amended by Acts
1981, P.L.218, SEC.8; P.L.152-1986, SEC.71; P.L.35-2010, SEC.64;
P.L.27-2012, SEC.25.