Sec. 4. (a) As used in this chapter, "mortgage loan" means a loan in which a mortgage (or another equivalent consensual security interest) that constitutes a lien is created or retained against an interest in real property in Indiana. (b) The term includes the following: (1) A home loan subject to IC 24-9 . (2) A loan described in IC 24-9-1-1 , to the extent allowed under federal law. (3) A first lien mortgage transaction (as defined in IC 24-4.4-1-301 ) subject to IC 24-4.4 . (4) A consumer credit sale subject to IC 24-4.5-2 in which a mortgage (or another equivalent consensual security interest) that constitutes a lien is created or retained against an interest in real property in Indiana. (5) A consumer loan subject to IC 24-4.5-3 in which a mortgage (or another equivalent consensual security interest) that constitutes a lien is created or retained against an interest in real property in Indiana. (6) A loan in which a mortgage (or another equivalent consensual security interest) that constitutes a lien is created or retained against land: (A) that is located in Indiana; (B) upon which there is a dwelling that is not or will not be used by the borrower primarily for personal, family, or household purposes; and (C) that is classified as residential for property tax purposes. The term includes a loan that is secured by land in Indiana upon which there is a dwelling that is purchased by or through the borrower for investment or other business purposes. (c) The term does not include a land contract.
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