"Creditor" means a person:

1. (1) who regularly engages in the extension of consumer credit that is subject to a credit service charge or loan finance charge, as applicable, or is payable by written agreement in more than four (4) installments (not including a down payment); and

2. (2) to whom the obligation is initially payable, either on the face of the note or contract, or by agreement when there is not a note or contract.

   [Pre-2026 Revision Citation: 24-4.5-1-301.5(11).]

As added by P.L.115-2026, SEC.97.