Indiana Code 24-4.5-3-102. Application
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Terms Used In Indiana Code 24-4.5-3-102
- Lien: A claim against real or personal property in satisfaction of a debt.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
Sec. 102. This chapter applies to consumer loans, including supervised loans. In addition, IC 24-4.5-3-601 through IC 24-4.5-3-605 apply to consumer related loans. The licensing provisions of this chapter apply to consumer credit sales under IC 24-4.5-2 that are subordinate lien mortgage transactions.
Formerly: Acts 1971, P.L.366, SEC.4. As amended by P.L.152-1986, SEC.62; P.L.35-2010, SEC.47.