Applicability

Sec. 2. This article applies to: (1) a lender; (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) a person, if the department determines that a transaction is: (A) in substance a disguised loan; or (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.