Section 6-5.5-1-21 - "Loans arising in factoring"(a) "Loans arising in factoring" means:(1) a loan or extension of credit secured by one (1) or more accounts receivable; or(2) a sale of one (1) or more accounts receivable in which the purchaser has recourse against the seller for an uncollected accounts receivable.(b) The term does not refer to: (1) a sale of one (1) or more accounts receivable without recourse; or(2) an assignment of an account receivable.Added by P.L. 146-2020,SEC. 31, eff. 1/1/2021.