(a) As used in this chapter, 'creditor' means a person:(1) that regularly engages in Indiana in the extension of mortgage loans that are subject to a credit service charge or loan finance charge, as applicable, or are payable by written agreement in more than four (4) installments (not including a down payment); and(2) to whom the obligation arising from a mortgage loan is initially payable, either on the face of the note or contract, or by agreement if there is not a note or contract.(b) The term does not include a person described in:(1) IC 24-9-2-6(a)(2) if the person described in IC 24-9-2-6(a)(2) is not the person extending the credit in the transaction; or(2) IC 24-9-2-6(b).As added by P.L.52-2009, SEC.2.
Indiana Legal Code