IC 37-2-2-44: "Regularly engaged"

Sec. 44. "Regularly engaged", with respect to a person who extends consumer credit, refers to a person who:

(1) extended consumer credit:

(A) more than twenty-five (25) times; or

(B) more than five (5) times for a mortgage transaction secured by a dwelling;

in the preceding calendar year; or

(2) extends or will extend consumer credit:

(A) more than twenty-five (25) times; or

(B) more than five (5) times for a mortgage transaction secured by a dwelling;

in the current calendar year, if the person did not meet the numerical standards described in subdivision (1) in the preceding calendar year.