IC 37-1-2-36: "Regularly engaged"

Sec. 36. "Regularly engaged", with respect to a person who extends or originates first lien mortgage transactions, refers to a person who:

(1) extended or originated more than five (5) first lien mortgage transactions in the preceding calendar year; or

(2) extends or originates, or will extend or originate, more than five (5) first lien mortgage transactions in the current calendar year if the person did not extend or originate more than five (5) first lien mortgage transactions in the preceding calendar year.