§ 34-30-26-1 Creditor defined

Codes > Indiana Code > Title 34 > Article 30 : Chapter 26 > 34-30-26-1 Creditor

34-30-26-1 “Creditor” defined

    Sec. 1. (a) As used in this chapter, “creditor” means a person:

        (1) that regularly 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

        (2) 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.

    (b) The term includes the following:

        (1) A mortgage servicer.

        (2) An agent of a creditor.