"Loan"

Sec. 23. "Loan" includes: (1) the creation of debt by: (A) the creditor's payment of or agreement to pay money to the debtor or to a third party for the account of the debtor; or (B) the extension of credit by a person who engages as a seller in credit transactions primarily secured by an interest in land; (2) the creation of debt by a credit to an account with the creditor upon which the debtor is entitled to draw immediately; and (3) the forbearance of debt arising from a loan. [Pre-2026 Revision Citation: 24-4.4-1-301(18).] As added by P.L.115-2026, SEC.97.