"Loan"
Ind. Code § 37-1-2-23
in effectSec. 23. "Loan" includes:
(1) the creation of debt by:
(A) the creditor's payment of or agreement to pay money to the debtor or to a third party for the account of the debtor; or
(B) the extension of credit by a person who engages as a seller in credit transactions primarily secured by an interest in land;
(2) the creation of debt by a credit to an account with the creditor upon which the debtor is entitled to draw immediately; and
(3) the forbearance of debt arising from a loan.
[Pre-2026 Revision Citation: 24-4.4-1-301(18).]
As added by P.L.115-2026, SEC.97.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/37Fetched: 10/17/2026