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Indiana Code Title 24. Trade Regulation § 24-4.5-6-102

Current as of January 02, 2024 | Updated by Findlaw Staff

Sec. 102. (a) IC 24-4.5-6-101 through IC 24-4.5-6-117 apply to persons who:

(1) make or solicit consumer credit sales, consumer leases, consumer loans, consumer related sales (IC 24-4.5-2-602), and consumer related loans (IC 24-4.5-3-602);  or

(2) directly collect payments from or enforce rights against debtors arising from sales, leases, or loans specified in subsection (1), wherever they are made.

(b) For purposes of IC 24-4.5-6-101 through IC 24-4.5-6-117:

(1) “Consumer credit sale” includes a sale that is a first lien mortgage transaction if the sale is otherwise a consumer credit sale.

(2) “Consumer loan” includes a loan that is a first lien mortgage transaction if the loan is otherwise a consumer loan.

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Cite this article: FindLaw.com - Indiana Code Title 24. Trade Regulation § 24-4.5-6-102 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-24-trade-regulation/in-code-sect-24-4-5-6-102/

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