Indiana § 37-1-2-11 - "Creditor"
Full text of Indiana Indiana Code § 37-1-2-11 — "Creditor", with citation guidance and answers to common questions.
§ 37-1-2-11. "Creditor"
Sec. 11. "Creditor" means a person:
(1) that regularly engages in the extension of first lien mortgage transactions 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 which the obligation is initially payable, either on the face of the note or contract, or by agreement if there is not a note or contract.
The term does not include a person described in section 39 of this chapter in a tablefunded transaction. A creditor may be an individual, a limited liability company, a sole proprietorship, a partnership, a trust, a joint venture, a corporation, an unincorporated organization, or other form of entity, however organized.
[Pre-2026 Revision Citation: 24-4.4-1-301(7).]
As added by P.L.115-2026, SEC.97.
Frequently Asked Questions About Indiana § 37-1-2-11
What does Indiana Code § 37-1-2-11 cover?
Section 37-1-2-11 (""Creditor"") is part of the Indiana Code, the codified statutory law of Indiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Indiana § 37-1-2-11?
A common citation format is "Indiana Code § 37-1-2-11" (Indiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Indiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Indiana official source linked on this page or consult a licensed Indiana attorney.
How does Indiana § 37-1-2-11 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Indiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Indiana.