Sec. 108. Unconscionability — (1) With respect to a consumer credit sale, consumer lease, or consumer loan, if the court as a matter of law finds the agreement or any clause of the agreement to have been unconscionable at the time it was made the court may refuse to enforce the agreement, or it may enforce the remainder of the agreement without the unconscionable clause, or it may so limit the application of any unconscionable clause as to avoid any unconscionable result.
(2) If it is claimed or appears to the court that the agreement or any clause thereof may be unconscionable the parties shall be afforded a reasonable opportunity to present evidence as to its setting, purpose, and effect to aid the court in making the determination.
(3) For the purpose of this section, a charge or practice expressly permitted by this Article is not in itself unconscionable.
Formerly: Acts 1971, P.L.366, SEC.6.
(Part 2. Debtors' Remedies)
Structure Indiana Code
Article 4.5. Uniform Consumer Credit Code
Chapter 5. Remedies and Penalties
24-4.5-5-0.1. Application of Certain Amendments to Chapter
24-4.5-5-103. Restrictions on Deficiency Judgments in Consumer Credit Sales
24-4.5-5-104. No Garnishment Before Judgment
24-4.5-5-105. Limitation on Garnishment and Proceedings Supplemental to Execution; Employer's Fee
24-4.5-5-106. No Discharge From Employment for Garnishment
24-4.5-5-107. Extortionate Extensions of Credit
24-4.5-5-108. Unconscionability
24-4.5-5-202. Effect of Violations on Rights of Parties
24-4.5-5-203. Civil Liability for Violation of Disclosure Provisions
24-4.5-5-205. Refunds and Penalties as Set-Off to Obligation