(a) 'Home loan' means a loan, other than an open end credit plan, a reverse mortgage transaction, or a loan described in IC 24-9-1-1, that is secured by a mortgage or deed of trust on real estate in Indiana on which there is located or will be located a structure or structures:(1) designed primarily for occupancy of one (1) to four (4) families; and(2) that is or will be occupied by a borrower as the borrower's principal dwelling.(b) The term does not include a land contract.As added by P.L.73-2004, SEC.33. Amended by P.L.141-2005, SEC.4; P.L.89-2011, SEC.25.
Indiana Legal Code