Sec. 2. As used in this chapter, “creditor” means:

(1) a bank, a savings bank, a trust company, a savings association, a credit union, an industrial loan and investment company, or any other financial institution regulated by any agency of the United States or any state, including a consumer finance institution licensed to make supervised or regulated loans under IC 24-4.5;

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Terms Used In Indiana Code 26-2-9-2

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • credit agreement: means an agreement to:

    Indiana Code 26-2-9-1

  • debtor: means a person who:

    Indiana Code 26-2-9-3

  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • United States: includes the District of Columbia and the commonwealths, possessions, states in free association with the United States, and the territories. See Indiana Code 1-1-4-5
(2) a person authorized to sell and service loans for the Federal National Mortgage Association or the Federal Home Loan Mortgage Corporation, issue securities backed by the Government National Mortgage Association, make loans insured by the United States Department of Housing and Urban Development, make loans guaranteed by the United States Department of Veterans Affairs, or act as a correspondent of loans insured by the United States Department of Housing and Urban Development or guaranteed by the United States Department of Veterans Affairs; or

(3) an insurance company or its affiliates that extend credit under a credit agreement with a debtor.

[Pre-2002 Title 32 Recodification Citation: 32-2-1.5-2.]

As added by P.L.2-2002, SEC.79.