Indiana Code 24-4.5-2-107. “Seller”
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Terms Used In Indiana Code 24-4.5-2-107
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
style=”font-size: 10pt”> Sec. 107. Definition; “Seller” – Except as otherwise provided, “seller” means a person regularly engaged as a creditor in making consumer credit sales. The term includes an assignee of the seller’s right to payment but use of the term does not in itself impose on an assignee any obligation of the seller with respect to events occurring before the assignment.
Formerly: Acts 1971, P.L.366, SEC.3. As amended by P.L.145-2008, SEC.22.