Indiana Code
Chapter 2. Credit Sales
24-4.5-2-109. "Credit Service Charge"

Sec. 109. "Credit service charge" means the sum of:
(1) all charges payable directly or indirectly by the buyer and imposed directly or indirectly by the seller as an incident to the extension of credit, including any of the following types of charges which are applicable: time price differential, service, carrying or other charge, however denominated, premium or other charge for any guarantee or insurance protecting the seller against the buyer's default or other credit loss; and
(2) charges incurred for investigating the collateral or credit-worthiness of the buyer.
The term does not include charges as a result of default, additional charges (IC 24-4.5-2-202), delinquency charges (IC 24-4.5-2-203.5), or deferral charges (IC 24-4.5-2-204). The term does not include charges paid or payable to a third party that are not required by the seller as a condition or incident to the extension of credit except for borrower paid mortgage broker fees, including fees paid directly to the broker or the seller (for delivery to the broker), whether the fees are paid in cash or financed. However, borrower paid mortgage broker fees do not include fees paid to a mortgage broker by a creditor, including yield spread premiums and service release fees.
Formerly: Acts 1971, P.L.366, SEC.3. As amended by P.L.247-1983, SEC.4; P.L.14-1992, SEC.13; P.L.2-1995, SEC.90; P.L.172-1997, SEC.3.

Structure Indiana Code

Indiana Code

Title 24. Trade Regulation

Article 4.5. Uniform Consumer Credit Code

Chapter 2. Credit Sales

24-4.5-2-101. Short Title

24-4.5-2-102. Application

24-4.5-2-103. Definitions

24-4.5-2-104. Repealed

24-4.5-2-105. "Goods"; "Merchandise Certificate"; "Services"; "Sale of Goods"; "Sale of Services"; "Sale of an Interest in Land"; "Precomputed"

24-4.5-2-106. "Consumer Lease"

24-4.5-2-107. "Seller"

24-4.5-2-108. "Revolving Charge Account"

24-4.5-2-109. "Credit Service Charge"

24-4.5-2-110. "Cash Price"

24-4.5-2-111. "Amount Financed"

24-4.5-2-201. Credit Service Charge for Consumer Credit Sales; Sales Agreements Entered Into After June 30, 2020; Precomputed Sales Prohibited; Nonrefundable Prepaid Finance Charge Authorized; Revolving Charge Accounts; Subterfuge by Seller; Applicab...

24-4.5-2-202. Permitted Additional Charges; Skip-a-Payment Services; Expedited Payment Services; Gap Agreements

24-4.5-2-203. Repealed

24-4.5-2-203.5. Delinquency Charges

24-4.5-2-204. Deferral Charges

24-4.5-2-205. Credit Service Charge on Refinancing

24-4.5-2-206. Credit Service Charge on Consolidation

24-4.5-2-207. Repealed

24-4.5-2-208. Advances to Perform Covenants of Buyer

24-4.5-2-209. Right to Prepay Without Penalty; Payoff Statement; Liability for Failure to Provide; Short Sales; Foreclosed Property; No Protection From Deficiency Judgment

24-4.5-2-210. Rebate Upon Prepayment

24-4.5-2-301. Disclosures Required by Consumer Credit Protection Act; Exempt Transactions

24-4.5-2-302. Repealed

24-4.5-2-303. Repealed

24-4.5-2-304. Repealed

24-4.5-2-305. Repealed

24-4.5-2-306. Repealed

24-4.5-2-307. Repealed

24-4.5-2-308. Repealed

24-4.5-2-309. Repealed

24-4.5-2-310. Repealed

24-4.5-2-311. Repealed

24-4.5-2-312. Repealed

24-4.5-2-401. Scope

24-4.5-2-402. Use of Multiple Agreements

24-4.5-2-403. Repealed

24-4.5-2-404. Repealed

24-4.5-2-405. Balloon Payments

24-4.5-2-406. Restriction on Liability in Consumer Lease

24-4.5-2-407. Security Interests

24-4.5-2-407.5. Leasing of Live Domestic Animals Prohibited

24-4.5-2-408. Cross-Collateral

24-4.5-2-409. Debt Secured by Cross-Collateral

24-4.5-2-410. No Assignment of Earnings

24-4.5-2-411. Referral Sales

24-4.5-2-412. Notice of Assignment

24-4.5-2-413. Attorney's Fees

24-4.5-2-414. Limitation on Default Charges

24-4.5-2-415. Authorization to Confess Judgment Prohibited

24-4.5-2-416. Repealed

24-4.5-2-417. Creditor's Duty to Credit Payment as of Date of Receipt; Payments Not Conforming to Requirements; Creditor's Failure to Credit Payment

24-4.5-2-501. "Home Solicitation Sale"

24-4.5-2-502. Buyer's Right to Cancel

24-4.5-2-503. Repealed

24-4.5-2-504. Repealed

24-4.5-2-505. Repealed

24-4.5-2-601. Sale Subject to Article by Agreement of Parties

24-4.5-2-602. "Consumer Related Sale"; Credit Service Charge; Annual Notice to Department Not Required

24-4.5-2-603. Applicability of Other Provisions to Consumer Related Sales

24-4.5-2-604. Limitation on Default Charges in Consumer Related Sales

24-4.5-2-605. Credit Service Charge for Other Sales