IC 37-2-2-46.7: "Skip-a-payment service"

Sec. 46.7. "Skip-a-payment service" means a service that:

(1) in the case of a consumer credit sale:

(A) is offered by a creditor to a consumer; and

(B) permits the consumer to miss or skip a payment due under a consumer credit sale without resulting in default; and

(2) in the case of a consumer loan:

(A) is offered by a lender to a consumer; and

(B) permits the consumer to miss or skip a payment due under a consumer loan without resulting in default.