Indiana Code
Chapter 3. Loans
24-4.5-3-604. Limitation on Default Charges in Consumer Related Loans

Indiana Code

Title 24. Trade Regulation

Article 4.5. Uniform Consumer Credit Code

Chapter 3. Loans

24-4.5-3-0.1. Application of Certain Amendments to Chapter

24-4.5-3-101. Short Title

24-4.5-3-102. Application

24-4.5-3-103. Repealed

24-4.5-3-104. Repealed

24-4.5-3-105. "Consumer Loan"; First Lien Mortgage Transaction Not Included

24-4.5-3-106. "Loan"

24-4.5-3-107. Definitions; "Lender"; "Precomputed"; "Principal"

24-4.5-3-108. "Revolving Loan Account"

24-4.5-3-109. "Loan Finance Charge"

24-4.5-3-110. Repealed

24-4.5-3-110.5. Repealed

24-4.5-3-201. Loan Finance Charge for Consumer Loans Other Than Supervised Loans; Loan Agreements Entered Into After June 30, 2020; Precomputed Consumer Loans Prohibited; Nonrefundable Prepaid Finance Charge; Subterfuge by Lender; Applicability of Cr...

24-4.5-3-202. Permitted Additional Charges; Skip-a-Payment Services; Expedited Payment Services; Debt Cancellation Agreements; Insurance; Gap Agreements

24-4.5-3-203. Repealed

24-4.5-3-203.5. Delinquency Charges; Conversion of Precomputed Loan to Loan With Finance Charge Based on Unpaid Balances

24-4.5-3-204. Deferral Charges

24-4.5-3-205. Loan Finance Charge on Refinancing

24-4.5-3-206. Loan Finance Charge on Consolidation

24-4.5-3-207. Conversion to Revolving Loan Account

24-4.5-3-208. Advances to Perform Covenants of Debtor

24-4.5-3-209. Right to Prepay; Prepayment Penalty; Total Finance Charge; Payoff Statement; Liability for Failure to Provide; Short Sales; Foreclosed Property; No Protection From Deficiency Judgment

24-4.5-3-210. Rebate Upon Prepayment

24-4.5-3-301. Disclosures Required by Consumer Credit Protection Act; Exempt Transactions

24-4.5-3-302. Repealed

24-4.5-3-303. Repealed

24-4.5-3-304. Repealed

24-4.5-3-305. Repealed

24-4.5-3-306. Repealed

24-4.5-3-307. Repealed

24-4.5-3-308. Repealed

24-4.5-3-309. Repealed

24-4.5-3-310. Repealed

24-4.5-3-311. Repealed

24-4.5-3-401. Scope

24-4.5-3-402. Balloon Payments; Compliance With Alternative Mortgage Transaction Parity Act

24-4.5-3-403. No Assignment of Earnings

24-4.5-3-404. Attorney's Fees

24-4.5-3-405. Limitation on Default Charges

24-4.5-3-406. Notice of Assignment

24-4.5-3-407. Authorization to Confess Judgment Prohibited

24-4.5-3-408. Creditor's Duty to Credit Payment as of Date of Receipt; Payments Not Conforming to Requirements; Creditor's Failure to Credit Payment

24-4.5-3-501. Definitions; "Supervised Loan"; "Supervised Lender"

24-4.5-3-501.5. Persons Also Engaging in Activities of a Loan Broker; Examination by Department; Cooperation With Securities Division

24-4.5-3-502. Authority to Make, Take Assignment Of, or Collect Consumer Loans Other Than Mortgage Transactions; License Required; Exempt Persons; Branches; Separate License Required for Small Loans

24-4.5-3-502.1. Authority to Make, Take Assignment Of, or Collect Subordinate Lien Mortgage Transactions; License Required; Exempt Persons; Registration With Nmlsr; Licensed Mortgage Loan Originators; Applications for Licensure; Director's Authority...

24-4.5-3-502.2. Use of Nmlsr in Department's Licensing System; Reporting of Information to Nmlsr; Confidentiality; Director's Authority to Enter Agreements; Waiver of Privilege; Processing Fee; Electronic Records

24-4.5-3-503. Applications for Licenses; Issuance; Evidence of Compliance; Use of Nmlsr; Denial of Application; Right to Hearing; Fees; License Not Assignable or Transferable; Tax Warrant List

24-4.5-3-503.1. National Criminal History Background Check; Fingerprints; Payment of Fees or Costs; Use of Nmlsr

24-4.5-3-503.2. Credit Reports; Payment of Fees or Costs; Demonstrated Financial Responsibility; Considerations

24-4.5-3-503.3. Surety Bond for Creditors Engaged in Mortgage Transactions; Requirements; Amount; Termination; Liability; Notices

24-4.5-3-503.4. Use of Nmlsr in Department's Licensing System for Subordinate Lien Mortgage Transactions; Reporting of Information to Nmlsr; Confidentiality; Director's Authority to Enter Agreements; Waiver of Privilege; Processing Fee; Electronic Re...

24-4.5-3-503.5. Repealed

24-4.5-3-503.6. License Renewal; Revocation or Suspension of License Not Renewed; Reinstatement or Appeal; Correcting Amendments

24-4.5-3-504. Suspension or Revocation of License; Order to Show Cause; Order of Suspension or Revocation; Relinquishment of License; Preexisting Contracts; Emergency Order for Revocation

24-4.5-3-505. Record Keeping; Use of Unique Identifier on Forms and Documents; Use of Examination and Regulatory Software; Submitting Call Reports to Nmlsr; Composite Reports; Notice to Department of Certain Events or Changes

24-4.5-3-505.5. Automated Loan Machines

24-4.5-3-506. Repealed

24-4.5-3-507. Repealed

24-4.5-3-508. Loan Finance Charge for Supervised Loans; Precomputed Supervised Loans Prohibited After June 30, 2020; Nonrefundable Prepaid Finance Charge; Loan Paid in Full by New Loan From Same Lender

24-4.5-3-508.5. Repealed

24-4.5-3-509. Use of Multiple Agreements

24-4.5-3-510. Restrictions on Interest in Land as Security

24-4.5-3-511. Regular Schedule of Payments; Maximum Loan Term

24-4.5-3-512. Carrying on Other Business

24-4.5-3-513. Application of Other Provisions

24-4.5-3-514. Repealed

24-4.5-3-515. Change in Control of Creditor; Application to Department; Timeframe for Department's Decision; Conditions for Approval; Creditor's Duty to Report Transfer of Securities; Director's Discretion to Require New License

24-4.5-3-601. Loans Subject to Article by Agreement of Parties

24-4.5-3-602. "Consumer Related Loan"; Loan Finance Charge; Licensing and Annual Notice to Department Not Required

24-4.5-3-603. Applicability of Other Provisions to Consumer Related Loans

24-4.5-3-604. Limitation on Default Charges in Consumer Related Loans

24-4.5-3-605. Loan Finance Charge for Other Loans

24-4.5-3-606. Required Disclosures; Liability on Fraudulently Cashed Instruments

24-4.5-3-701. Requirement to Provide Property Tax Information in Certain Transactions