Section 24-4.5-3-106 - "Loan" Definition: "Loan" - "Loan" includes
(1) the creation of debt by the lender's payment of or agreement to pay money to the debtor or to a third party for the account of the debtor;(2) the creation of debt by a credit to an account with the lender upon which the debtor is entitled to draw immediately;(3) the creation of debt pursuant to a lender credit card or similar arrangement; and(4) the forbearance of debt arising from a loan.Formerly: Acts1971 , P.L. 366, SEC.4.