Indiana § 24-5-23.6-1 "Creditor"

Indiana Statutes

§ 24-5-23.6-1 — "Creditor"

Indiana § 24-5-23.6-1

Art. 5CONSUMER SALES

Ch. 23.6Five Star Mortgages

This text of Indiana § 24-5-23.6-1 ("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 § 24-5-23.6-1 (2026).

Text

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

(1)a person:

(A)that engages in Indiana in the extension of mortgages 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

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

(2)a person who brokers a mortgage, including a person who:

(A)directly or indirectly solicits, processes, places, or negotiates mortgages for others;

(B)offers to solicit, process, place, or negotiate mortgages for others; or

(C)closes mortgages that may be in the person's own name with funds provided by others a

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(a) As used in this chapter, "creditor" means:
(1) a person:
(A) that engages in Indiana in the extension of mortgages 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
(B) to whom the obligation arising from a mortgage is initially
payable, either on the face of the note or contract, or by
agreement if there is not a note or contract; or
(2) a person who brokers a mortgage, including a person who:
(A) directly or indirectly solicits, processes, places, or
negotiates mortgages for others;
(B) offers to solicit, process, place, or negotiate mortgages for
others; or
(C) closes mortgages that may be in the person's own name with
funds provided by others and that are thereafter assigned to the
person providing funding for the mortgages.
(b) The term does not include a person described in IC 24-9-2-6(b).