# Ind. Code § 5-28-29-9: "Lender"

> Indiana · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_IN_T5_A28_C29_S5-28-29-9

## Section

- **Citation:** Ind. Code § 5-28-29-9
- **Heading:** "Lender"
- **Jurisdiction:** Indiana
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Indiana Code / Title 5 / Article 28 / Chapter 29 / Section 5-28-29-9

## Text

Sec. 9. As used in this chapter, "lender" means:

(1) a financial institution (as defined in IC 5-13-4-10); or

(2) beginning after June 30, 2018:

(A) a credit corporation (as defined in IC 23-6-4-1);

(B) an entity that:

(i) extends more than seventy-five percent (75%) of all eligible loans made in the previous twelve (12) month period to minority businesses (as defined in IC 5-28-20-4); and

(ii) is approved by the corporation as a lender in accordance with the policy guidelines adopted by the board of the corporation;

(C) a qualified "eligible intermediary" participating in the federal Small Business Administration Microloan Program pursuant to 15 U.S.C. 636(m), as amended from time to time, and that is approved by the corporation as a lender in accordance with the policy guidelines adopted by the board of the corporation; or

(D) a non-credit union community development financial institution that is approved by the corporation as a lender in accordance with the policy guidelines as adopted by the board;

that has entered into an agreement with the corporation to participate in the program.

As added by P.L.162-2007, SEC.24. Amended by P.L.146-2018, SEC.17; P.L.10-2019, SEC.34; P.L.197-2021, SEC.9.

## Nearby sections

- [Ind. Code § 5-28-29-1 "Agreement"](https://www.frixlaw.com/law-library/statutes/STATE_IN_T5_A28_C29_S5-28-29-1.md)
- [Ind. Code § 5-28-29-2 "Amount"; "proceeds"](https://www.frixlaw.com/law-library/statutes/STATE_IN_T5_A28_C29_S5-28-29-2.md)
- [Ind. Code § 5-28-29-3 "Borrower"](https://www.frixlaw.com/law-library/statutes/STATE_IN_T5_A28_C29_S5-28-29-3.md)
- [Ind. Code § 5-28-29-4 "Capital access account"](https://www.frixlaw.com/law-library/statutes/STATE_IN_T5_A28_C29_S5-28-29-4.md)
- [Ind. Code § 5-28-29-5 "Claim"](https://www.frixlaw.com/law-library/statutes/STATE_IN_T5_A28_C29_S5-28-29-5.md)
- [Ind. Code § 5-28-29-6 "Early loan"](https://www.frixlaw.com/law-library/statutes/STATE_IN_T5_A28_C29_S5-28-29-6.md)
- [Ind. Code § 5-28-29-7 "Eligible loan"](https://www.frixlaw.com/law-library/statutes/STATE_IN_T5_A28_C29_S5-28-29-7.md)
- [Ind. Code § 5-28-29-8 "Enrolled loan"](https://www.frixlaw.com/law-library/statutes/STATE_IN_T5_A28_C29_S5-28-29-8.md)
- [Ind. Code § 5-28-29-9 "Lender"](https://www.frixlaw.com/law-library/statutes/STATE_IN_T5_A28_C29_S5-28-29-9.md)
- [Ind. Code § 5-28-29-10 "Passive real estate ownership"](https://www.frixlaw.com/law-library/statutes/STATE_IN_T5_A28_C29_S5-28-29-10.md)
- [Ind. Code § 5-28-29-11 "Program"](https://www.frixlaw.com/law-library/statutes/STATE_IN_T5_A28_C29_S5-28-29-11.md)
- [Ind. Code § 5-28-29-12 "Reserve fund"](https://www.frixlaw.com/law-library/statutes/STATE_IN_T5_A28_C29_S5-28-29-12.md)
- [Ind. Code § 5-28-29-13 Establishment; purpose](https://www.frixlaw.com/law-library/statutes/STATE_IN_T5_A28_C29_S5-28-29-13.md)
- [Ind. Code § 5-28-29-14 Duties](https://www.frixlaw.com/law-library/statutes/STATE_IN_T5_A28_C29_S5-28-29-14.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_IN_T5_A28_C29_S5-28-29-9. Check the current official text before relying on it. Not legal advice.