Indiana § 37-2-2-13 - "Consumer loan"
Full text of Indiana Indiana Code § 37-2-2-13 — "Consumer loan", with citation guidance and answers to common questions.
§ 37-2-2-13. "Consumer loan"
Sec. 13. "Consumer loan" means a loan made by a person regularly engaged in the business of making loans in which:
(1) the debtor is a person other than an organization;
(2) the debt is primarily for a personal, family, or household purpose;
(3) either the debt is payable in installments or a loan finance charge is made; and
(4) either:
(A) the amount of credit extended, the written credit limit, or the initial advance does not exceed the exempt threshold amount, as adjusted in accordance with the annual adjustment of the exempt threshold amount, specified in Regulation Z (12 CFR 226.3 or 12 CFR 1026.3(b), as applicable); or
(B) the debt is secured by an interest in land or by personal property used or expected to be used as the principal dwelling of the debtor.
Except as described in IC 37-2-4-2, the term does not include a first lien mortgage transaction.
[Pre-2026 Revision Citation: 24-4.5-1-301.5(9).]
As added by P.L.115-2026, SEC.97.
Frequently Asked Questions About Indiana § 37-2-2-13
What does Indiana Code § 37-2-2-13 cover?
Section 37-2-2-13 (""Consumer loan"") 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 § 37-2-2-13?
A common citation format is "Indiana Code § 37-2-2-13" (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 § 37-2-2-13 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.