1. (a) As used in this chapter, "creditor" means:

   1. (1) a person:

      1. (A) that engages in Indiana in the extension of mortgages that are subject to a credit service charge or loan finance charge, as applicable, or are payable by written agreement in more than four (4) installments (not including a down payment); and
      2. (B) to whom the obligation arising from a mortgage is initially payable, either on the face of the note or contract, or by agreement if there is not a note or contract; or

   2. (2) a person who brokers a mortgage, including a person who:

      1. (A) directly or indirectly solicits, processes, places, or negotiates mortgages for others;
      2. (B) offers to solicit, process, place, or negotiate mortgages for others; or
      3. (C) closes mortgages that may be in the person's own name with funds provided by others and that are thereafter assigned to the person providing funding for the mortgages.
2. (b) The term does not include a person described in IC 37-5-2-6 (b).

As added by P.L.115-2010, SEC.20. Amended by P.L.115-2026, SEC.31.