§ 32-21-16-5-3

1-3. The term does not include a:(1) home builder;(2) nonprofit organization exempt from federal income taxation under Section 501(c)(3) of the Internal Revenue Code;(3) governmental entity;(4) person described under IC 25-34.1-3-2(b); or(5) person that:(A) inquires whether a home is available for purchase without presenting or entering into any agreement with the person that owns the home; or(B) offers to purchase a home, or purchases a home, with the intent to:(i) take title to the home and record the deed to the property; and(ii) use the home as a personal residence or as an investment.As added by P.L.47-2024, SEC.3.