IC 37-3-1-2: Applicability

Sec. 2. This article applies to:

(1) a lender;

(2) a bank, savings association, credit union, or other state or federally regulated financial institution except those that are specifically exempt regarding limitations on interest rates and fees; or

(3) a person, if the department determines that a transaction is:

(A) in substance a disguised loan; or

(B) the application of subterfuge for the purpose of avoiding this chapter.