As used in this chapter, "adjustable mortgage loan" means a loan:

1. (1) whose terms permit adjustments to the interest rate that:

   1. (A) reflect the movement of the money cost index; and
   2. (B) are implemented through changes in the monthly payment amounts, adjustments to the outstanding principal loan balance, or changes in the loan term; and
2. (2) whose term does not exceed forty (40) years.

As added by P.L.193-1997, SEC.2.