{"data":{"id":"us-in/ic-24-5-23.5-3","jurisdiction":"us-in","citation":"IC 24-5-23.5-3","heading":"\"Creditor\"","body":"Sec. 3. (a) As used in this chapter, \"creditor\" means a person:\n(1) that regularly engages in Indiana in the extension of mortgage loans that are subject to a credit service charge or loan finance charge, as applicable, or are payable by written agreement in more than four (4) installments (not including a down payment); and\n(2) to whom the obligation arising from a mortgage loan is initially payable, either on the face of the note or contract, or by agreement if there is not a note or contract.\n(b) The term does not include a person described in:\n(1) IC 37-5-2-6(a)(2) if the person described in IC 37-5-2-6-6(a)(2) is not the person extending the credit in the transaction; or\n(2) IC 37-5-2-6(b).","path":["TITLE 24. TRADE REGULATION","ARTICLE 5. CONSUMER SALES","Chapter 23.5. Real Estate Appraisals"],"source_url":"https://iga.in.gov/ic/2026/Title_24.html#24-5-23.5-3","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-04T18:50:41Z","sha256":"e36aaa5ecd806ea4f34fdd51312c26856e79aa11d84e6465a8c814c8d783b3e1","source_id":"us-in","stale":false,"prev":"us-in/ic-24-5-23.5-2","next":"us-in/ic-24-5-23.5-3.7"},"notice":"GroundRules: Original legal text. Not legal advice."}