Sec. 102. (a) IC 24-4.5-6-101 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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