Indiana § 5-28-29-9 - "Lender"
Full text of Indiana Indiana Code § 5-28-29-9 — "Lender", with citation guidance and answers to common questions.
§ 5-28-29-9. "Lender"
Sec. 9. As used in this chapter, "lender" means:
(1) a financial institution (as defined in IC 5-13-4-10); or
(2) beginning after June 30, 2018:
(A) a credit corporation (as defined in IC 23-6-4-1);
(B) an entity that:
(i) extends more than seventy-five percent (75%) of all eligible loans made in the previous twelve (12) month period to minority businesses (as defined in IC 5-28-20-4); and
(ii) is approved by the corporation as a lender in accordance with the policy guidelines adopted by the board of the corporation;
(C) a qualified "eligible intermediary" participating in the federal Small Business Administration Microloan Program pursuant to 15 U.S.C. 636(m), as amended from time to time, and that is approved by the corporation as a lender in accordance with the policy guidelines adopted by the board of the corporation; or
(D) a non-credit union community development financial institution that is approved by the corporation as a lender in accordance with the policy guidelines as adopted by the board;
that has entered into an agreement with the corporation to participate in the program.
As added by P.L.162-2007, SEC.24. Amended by P.L.146-2018, SEC.17; P.L.10-2019, SEC.34; P.L.197-2021, SEC.9.
Frequently Asked Questions About Indiana § 5-28-29-9
What does Indiana Code § 5-28-29-9 cover?
Section 5-28-29-9 (""Lender"") 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 § 5-28-29-9?
A common citation format is "Indiana Code § 5-28-29-9" (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 § 5-28-29-9 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.