Indiana § 37-2-7-1 - Applicability; "consumer credit sale"; "consumer loan"
Full text of Indiana Indiana Code § 37-2-7-1 — Applicability; "consumer credit sale"; "consumer loan", with citation guidance and answers to common questions.
§ 37-2-7-1. Applicability; "consumer credit sale"; "consumer loan"
Sec. 1. (a) Sections 1 through 16 of this chapter apply to persons who:
(1) make or solicit consumer credit sales, consumer leases, consumer loans, consumer related sales (as described in IC 37-2-2-13.5), and consumer related loans (as described in IC 37-2-2-13.3); or
(2) directly collect payments from or enforce rights against debtors arising from sales, leases, or loans specified in subsection (a), wherever they are made.
(b) For purposes of sections 1 through 16 of this chapter:
(1) "consumer credit sale" includes a sale that is a first lien mortgage transaction if the sale is otherwise a consumer credit sale; and
(2) "consumer loan" includes a loan that is a first lien mortgage transaction if the loan is otherwise a consumer loan.
[Pre-2026 Revision Citation: 24-4.5-6-102.]
As added by P.L.115-2026, SEC.97.
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 37-2-7-1
What does Indiana Code § 37-2-7-1 cover?
Section 37-2-7-1 ("Applicability; "consumer credit sale"; "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 § 37-2-7-1?
A common citation format is "Indiana Code § 37-2-7-1" (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 § 37-2-7-1 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.