§ 24-9-2-9 — "Home loan"

(a) "Home loan" means a loan, other than an
open end credit plan, a reverse mortgage transaction, or a loan
described in IC 24-9-1-1, that is secured by a mortgage or deed of trust
on real estate in Indiana on which there is located or will be located a
structure or structures:
(1) designed primarily for occupancy of one (1) to four (4)
families; and
(2) that is or will be occupied by a borrower as the borrower's
principal dwelling.
(b) The term does not include a land contract.

Legislative History

As added by P.L.73-2004, SEC.33. Amended by P.L.141-2005, SEC.4; P.L.89-2011, SEC.25.