1. (a) "Home loan" means a loan, other than an open end credit plan, a reverse mortgage transaction, or a loan described in IC 37-5-1-1 , that is secured by a mortgage or deed of trust on real estate in Indiana on which there is located or will be located a structure or structures:

   1. (1) designed primarily for occupancy of one (1) to four (4) families; and
   2. (2) that is or will be occupied by a borrower as the borrower's principal dwelling.

2. (b) The term does not include a land contract.

   [Pre-2026 Revision Citation: 24-9-2-9.]

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