Sec. 5. (a) As used in this chapter, "mortgage" means: (1) a loan; or (2) a consumer credit sale; that is or will be used by the debtor primarily for personal, family, or household purposes and that is secured by a mortgage (or another equivalent consensual security interest) that constitutes a first lien on a dwelling or on residential real estate upon which a dwelling is constructed or intended to be constructed. (b) The term does not include a land contract (as defined in IC 24-4.4-1-301 (36)) or similar agreement in which the debtor does not possess a deed.
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