"Mortgage transaction" means:

1. (1) a consumer 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 a land contract (or another consensual security interest equivalent to a mortgage or a land contract) on a dwelling or on residential real estate upon which a dwelling is constructed or intended to be constructed.

   [Pre-2026 Revision Citation: 24-4.5-1-301.5(27).]

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