This article applies to:

1. (1) a lender;
2. (2) a bank, savings association, credit union, or other state or federally regulated financial institution except those that are specifically exempt regarding limitations on interest rates and fees; or

3. (3) a person, if the department determines that a transaction is:

   1. (A) in substance a disguised loan; or

   2. (B) the application of subterfuge for the purpose of avoiding this chapter.

      [Pre-2026 Revision Citation: 24-4.5-7-102(5).]

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