IC 13-11-2-48 — "Creditor"
Chapter 2. Definitions
Section text
Sec. 48. "Creditor", for purposes of IC 13-25-4-8, means, with respect to a facility, a person who: (1) has extended credit to an owner or operator of the facility; (2) has an interest in the facility to secure an extension of credit; or (3) has acquired title or a right to title to the facility: (A) upon default; (B) at foreclosure; or (C) in lieu of foreclosure as a result of an extension of credit secured by an interest in the facility, unless the extension of credit was solely for the purpose of avoiding environmental liability.
As added by P.L.1-1996, SEC.1. Amended by P.L.90-1998, SEC.1.
Source: official publisher (2026 edition)