{"data":{"id":"us-in/ic-6-5.5-1-21","jurisdiction":"us-in","citation":"IC 6-5.5-1-21","heading":"\"Loans arising in factoring\"","body":"Sec. 21. (a) \"Loans arising in factoring\" means:\n(1) a loan or extension of credit secured by one (1) or more accounts receivable; or\n(2) a sale of one (1) or more accounts receivable in which the purchaser has recourse against the seller for an uncollected accounts receivable.\n(b) The term does not refer to:\n(1) a sale of one (1) or more accounts receivable without recourse; or\n(2) an assignment of an account receivable.","path":["TITLE 6. TAXATION","ARTICLE 5.5. TAXATION OF FINANCIAL INSTITUTIONS","Chapter 1. Definitions"],"source_url":"https://iga.in.gov/ic/2026/Title_6.html#6-5.5-1-21","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-09T01:51:39Z","sha256":"faa832a898b3f35eb7de8cc339c68e0e96065c31fd6fcad8102b7c04b7879de4","source_id":"us-in","stale":false,"prev":"us-in/ic-6-5.5-1-20","next":"us-in/ic-6-5.5-2-1"},"notice":"GroundRules: Original legal text. Not legal advice."}