Sec. 1. (a) As used in this chapter, "credit agreement" means an agreement to: (1) lend or forbear repayment of money, goods, or things in action; (2) otherwise extend credit; or (3) make any other financial accommodation. (b) The term includes an agreement to: (1) amend or modify an agreement; (2) enter into a new agreement; (3) forbear from exercising rights under an agreement; or (4) grant an extension under an agreement; described in subsection (a). [Pre-2002 Title 32 Recodification Citation: 32-2-1.5-1.]
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