Sec. 106. Definition: “Loan” — “Loan” includes

     (1) the creation of debt by the lender’s payment of or agreement to pay money to the debtor or to a third party for the account of the debtor;

     (2) the creation of debt by a credit to an account with the lender upon which the debtor is entitled to draw immediately;

     (3) the creation of debt pursuant to a lender credit card or similar arrangement; and

     (4) the forbearance of debt arising from a loan.

Formerly: Acts 1971, P.L.366, SEC.4.