Your response was my initial one as well, but a legislature and courts can do all kinds of strange things. It would depend on how the Indiana courts would intepret "terms." However, Indiana is a carry friendly state and I would be very surprised if the courts and the police wanted to take notice of the laws of all of the other states that issue licenses.
The poster on the other forum was very adamant about what the ISP told him, but I suspect he misunderstood what they told him. I just thought that I would see if I could find any substantiation of his position.