Indiana § 24-5-23.5-3 "Creditor"

Indiana Statutes

§ 24-5-23.5-3 — "Creditor"

Indiana § 24-5-23.5-3

Art. 5CONSUMER SALES

Ch. 23.5Real Estate Appraisals

This text of Indiana § 24-5-23.5-3 ("Creditor") 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 § 24-5-23.5-3 (2026).

Text

(a)As used in this chapter, "creditor" means a person:

(1)that regularly engages in Indiana in the extension of mortgage loans that are subject to a credit service charge or loan finance charge, as applicable, or are payable by written agreement in more than four (4) installments (not including a down payment); and

(2)to whom the obligation arising from a mortgage loan is initially payable, either on the face of the note or contract, or by agreement if there is not a note or contract.

(b)The term does not include a person described in:

(1)IC 24-9-2-6(a)(2) if the person described in IC 24-9-2-6(a)(2) is not the person extending the credit in the transaction; or

(2)IC 24-9-2-6(b).

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(a) As used in this chapter, "creditor" means
a person:
(1) that regularly engages in Indiana in the extension of mortgage
loans that are subject to a credit service charge or loan finance
charge, as applicable, or are payable by written agreement in more
than four (4) installments (not including a down payment); and
(2) to whom the obligation arising from a mortgage loan is
initially payable, either on the face of the note or contract, or by
agreement if there is not a note or contract.
(b) The term does not include a person described in:
(1) IC 24-9-2-6(a)(2) if the person described in IC 24-9-2-6(a)(2)
is not the person extending the credit in the transaction; or
(2) IC 24-9-2-6(b).