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

   1. (1) a loan; or

   2. (2) a consumer credit sale;

      that is or will be used by the debtor primarily for personal, family, or household purposes and that is secured by a mortgage (or another equivalent consensual security interest) that constitutes a first lien on a dwelling or on residential real estate upon which a dwelling is constructed or intended to be constructed.

2. (b) The term does not include a land contract (as defined in IC 37-1-2-21 or similar agreement in which the debtor does not possess a deed.

As added by P.L.105-2009, SEC.20. Amended by P.L.89-2011, SEC.76; P.L.170-2011, SEC.7; P.L.6-2012, SEC.211; P.L.115-2026, SEC.74.