Sec. 3. (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).
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