§ 37-3-106. "Loan" defined.
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§ 37-3-106. "Loan" defined.
"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.