Indiana Statutes

§ 24-5-15-3 — "Extension of credit" defined

Indiana·Art. 5 CONSUMER SALES·Ch. 15 Credit Services Organizations

As used in this chapter, "extension of credit" means the right to:

(1)defer payment of debt offered or granted primarily for personal, family, or household purposes;
(2)incur debt and defer payment of the debt offered or granted primarily for personal, family, or household purposes; or
(3)delay or avoid foreclosure on a buyer's residence.

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Legislative History

As added by P.L.142-1990, SEC.1. Amended by P.L.171-2006, SEC.2.

Nearby Sections

15
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