IC 37-2-2-13: "Consumer loan"

Sec. 13. "Consumer loan" means a loan made by a person regularly engaged in the business of making loans in which:

(1) the debtor is a person other than an organization;

(2) the debt is primarily for a personal, family, or household purpose;

(3) either the debt is payable in installments or a loan finance charge is made; and

(4) either:

(A) the amount of credit extended, the written credit limit, or the initial advance does not exceed the exempt threshold amount, as adjusted in accordance with the annual adjustment of the exempt threshold amount, specified in Regulation Z (12 CFR 226.3 or 12 CFR 1026.3(b), as applicable); or

(B) the debt is secured by an interest in land or by personal property used or expected to be used as the principal dwelling of the debtor.

Except as described in IC 37-2-4-2, the term does not include a first lien mortgage transaction.