IC 24-5-23.5-3 — "Creditor"
Chapter 23.5. Real Estate Appraisals
Bills amending this section
Section text
Sec. 3. (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 37-5-2-6(a)(2) if the person described in IC 37-5-2-6-6(a)(2) is not the person extending the credit in the transaction; or (2) IC 37-5-2-6(b).
As added by P.L.52-2009, SEC.2. Amended by P.L.115-2026, SEC.29.
Source: official publisher (2026 edition)