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.Formerly: Acts 1971, P.L.366, SEC.7. As amended by Acts 1981, P.L.218, SEC.8; P.L.152-1986, SEC.71; P.L.35-2010, SEC.64; P.L.27-2012, SEC.25.
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