Sec. 1. As used in this chapter, “approved lender” means any:

(1) lending institution; or

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Terms Used In Indiana Code 5-28-20-1

  • 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.
  • loan: means a direct loan from the fund. See Indiana Code 5-28-20-3
(2) bank, trust company, building and loan association, or credit union;

that is approved by the corporation as a lender under this chapter.

As added by P.L.4-2005, SEC.34.