Indiana Code
Title 24. Trade Regulation
Article 4.5. Uniform Consumer Credit Code

Chapter 1. General Provisions and Definitions

24-4.5-1-101. Short Title - Sec. 101. Short Title — This Article shall be known...

24-4.5-1-102. Purposes; Rules of Construction; Related Rules or Guidance Adopted by Department; Applicability to Disguised Consumer Credit Transactions; Violations of Other Consumer Credit Laws; Enforcement of Disclosure Requirements for Mortgage Tra... - Sec. 102. (1) This article shall be liberally construed and...

24-4.5-1-103. Supplementary General Principles of Law Applicable - Sec. 103. Unless displaced by the particular provisions of this...

24-4.5-1-104. Construction Against Implicit Repeal - Sec. 104. Construction Against Implicit Repeal — This Article being...

24-4.5-1-105. Severability - Sec. 105. Severability — If any provisions of this Article...

24-4.5-1-106. Adjustment of Dollar Amounts - Sec. 106. (1) The dollar amounts in this article designated...

24-4.5-1-107. Waiver; Agreement to Forego Rights; Settlement of Claims - Sec. 107. Waiver; Agreement to Forego Rights; Settlement of Claims...

24-4.5-1-108. Effect on Powers of Organizations - Sec. 108. (1) This article prescribes maximum charges for all...

24-4.5-1-109. Persons Licensed or Authorized on October 1, 1971 - Sec. 109. All persons licensed on October 1, 1971, under:...

24-4.5-1-201. Territorial Application; Determination of Residence; Invalid Agreements; Violations; Voiding of Loan - Sec. 201. (1) Except as otherwise provided in this section,...

24-4.5-1-201.1. Repealed - As added by P.L.153-2016, SEC.1. Repealed by P.L.176-2019, SEC.10.

24-4.5-1-202. Exempt Transactions and Persons - Sec. 202. (a) As used in this section, "balloon payment",...

24-4.5-1-203. Repealed - Formerly: Acts 1971, P.L.366, SEC.2. As amended by P.L.14-1992, SEC.8;...

24-4.5-1-204. Cooperation With Securities Commissioner; Individuals Also Conducting Activities of a Loan Broker - Sec. 204. In examinations or other regulatory activities conducted by...

24-4.5-1-301. Repealed - Formerly: Acts 1971, P.L.366, SEC.2. As amended by Acts 1981,...

24-4.5-1-301.5. Definitions - Sec. 301.5. In addition to definitions appearing in subsequent chapters...

24-4.5-1-302. "Consumer Credit Protection Act" - Sec. 302. Consumer Credit Protection Act — In this article,...

24-4.5-1-303. Repealed - Formerly: Acts 1971, P.L.366, SEC.2. As amended by Acts 1981,...

Chapter 2. Credit Sales

24-4.5-2-101. Short Title - Sec. 101. Short Title — This Chapter shall be known...

24-4.5-2-102. Application - Sec. 102. This chapter applies to consumer credit sales, including...

24-4.5-2-103. Definitions - Sec. 103. Definitions — The following definitions apply to this...

24-4.5-2-104. Repealed - Formerly: Acts 1971, P.L.366, SEC.3. As amended by Acts 1981,...

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

24-4.5-2-106. "Consumer Lease" - Sec. 106. (1) "Consumer lease" means a lease of goods:...

24-4.5-2-107. "Seller" - Sec. 107. Definition; "Seller" - Except as otherwise provided, "seller"...

24-4.5-2-108. "Revolving Charge Account" - Sec. 108. Definition: "Revolving Charge Account" — "Revolving charge account"...

24-4.5-2-109. "Credit Service Charge" - Sec. 109. "Credit service charge" means the sum of: (1)...

24-4.5-2-110. "Cash Price" - Sec. 110. Definition: "Cash Price" — Except as the department...

24-4.5-2-111. "Amount Financed" - Sec. 111. Definition: "Amount Financed" — "Amount financed" means the...

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... - Sec. 201. Credit Service Charge for Consumer Credit Sales —...

24-4.5-2-202. Permitted Additional Charges; Skip-a-Payment Services; Expedited Payment Services; Gap Agreements - Sec. 202. (1) In addition to the credit service charge...

24-4.5-2-203. Repealed - Formerly: Acts 1971, P.L.366, SEC.3. Repealed by P.L.122-1994, SEC.122.

24-4.5-2-203.5. Delinquency Charges - Sec. 203.5. Delinquency Charges — (1) With respect to a...

24-4.5-2-204. Deferral Charges - Sec. 204. Deferral Charges — (1) This section applies only...

24-4.5-2-205. Credit Service Charge on Refinancing - Sec. 205. Credit Service Charge on Refinancing — With respect...

24-4.5-2-206. Credit Service Charge on Consolidation - Sec. 206. Credit Service Charge on Consolidation — If a...

24-4.5-2-207. Repealed - Formerly: Acts 1971, P.L.366, SEC.3. As amended by Acts 1981,...

24-4.5-2-208. Advances to Perform Covenants of Buyer - Sec. 208. Advances to Perform Covenants of Buyer — (1)...

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 - Sec. 209. (1) Subject to the provisions on rebate upon...

24-4.5-2-210. Rebate Upon Prepayment - Sec. 210. Rebate upon Prepayment — (1) Except for subsections...

24-4.5-2-301. Disclosures Required by Consumer Credit Protection Act; Exempt Transactions - Sec. 301. (1) For purposes of this section, "consumer credit...

24-4.5-2-302. Repealed - Formerly: Acts 1971, P.L.366, SEC.3. Repealed by P.L.247-1983, SEC.26.

24-4.5-2-303. Repealed - Formerly: Acts 1971, P.L.366, SEC.3. Repealed by P.L.247-1983, SEC.26.

24-4.5-2-304. Repealed - Formerly: Acts 1971, P.L.366, SEC.3. Repealed by P.L.247-1983, SEC.26.

24-4.5-2-305. Repealed - Formerly: Acts 1971, P.L.366, SEC.3. Repealed by P.L.247-1983, SEC.26.

24-4.5-2-306. Repealed - Formerly: Acts 1971, P.L.366, SEC.3. Repealed by P.L.247-1983, SEC.26.

24-4.5-2-307. Repealed - Formerly: Acts 1971, P.L.366, SEC.3. Repealed by P.L.247-1983, SEC.26.

24-4.5-2-308. Repealed - Formerly: Acts 1971, P.L.366, SEC.3. Repealed by P.L.247-1983, SEC.26.

24-4.5-2-309. Repealed - Formerly: Acts 1971, P.L.366, SEC.3. Repealed by P.L.247-1983, SEC.26.

24-4.5-2-310. Repealed - Formerly: Acts 1971, P.L.366, SEC.3. Repealed by P.L.247-1983, SEC.26.

24-4.5-2-311. Repealed - Formerly: Acts 1971, P.L.366, SEC.3. Repealed by P.L.247-1983, SEC.26.

24-4.5-2-312. Repealed - Formerly: Acts 1971, P.L.366, SEC.3. Repealed by P.L.247-1983, SEC.26. (Part...

24-4.5-2-401. Scope - Sec. 401. Scope — This Part applies to consumer credit...

24-4.5-2-402. Use of Multiple Agreements - Sec. 402. Use of Multiple Agreements — A seller may...

24-4.5-2-403. Repealed - Formerly: Acts 1971, P.L.366, SEC.3. As amended by P.L.247-1983, SEC.8;...

24-4.5-2-404. Repealed - Formerly: Acts 1971, P.L.366, SEC.3. As amended by P.L.247-1983, SEC.9....

24-4.5-2-405. Balloon Payments - Sec. 405. (1) With respect to a consumer credit sale,...

24-4.5-2-406. Restriction on Liability in Consumer Lease - Sec. 406. The obligation of a lessee upon expiration of...

24-4.5-2-407. Security Interests - Sec. 407. (1) With respect to a consumer credit sale,...

24-4.5-2-407.5. Leasing of Live Domestic Animals Prohibited - Sec. 407.5. The leasing of live domestic animals (as defined...

24-4.5-2-408. Cross-Collateral - Sec. 408. Cross-Collateral — (1) In addition to contracting for...

24-4.5-2-409. Debt Secured by Cross-Collateral - Sec. 409. (1) If debts arising from two (2) or...

24-4.5-2-410. No Assignment of Earnings - Sec. 410. No Assignment of Earnings — A seller or...

24-4.5-2-411. Referral Sales - Sec. 411. Referral Sales — With respect to a consumer...

24-4.5-2-412. Notice of Assignment - Sec. 412. Notice of Assignment — The buyer or lessee...

24-4.5-2-413. Attorney's Fees - Sec. 413. Attorney's Fees — With respect to a consumer...

24-4.5-2-414. Limitation on Default Charges - Sec. 414. Limitation on Default Charges — Except for reasonable...

24-4.5-2-415. Authorization to Confess Judgment Prohibited - Sec. 415. Authorization to Confess Judgment Prohibited - A buyer...

24-4.5-2-416. Repealed - Formerly: Acts 1971, P.L.366, SEC.3. As amended by P.L.152-1986, SEC.61;...

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 - Sec. 417. (1) This section applies to consumer credit sales,...

24-4.5-2-501. "Home Solicitation Sale" - Sec. 501. Definition: "Home Solicitation Sale" — "Home solicitation sale"...

24-4.5-2-502. Buyer's Right to Cancel - Sec. 502. Buyer's Right to Cancel — The requirements of...

24-4.5-2-503. Repealed - Formerly: Acts 1971, P.L.366, SEC.3. Repealed by P.L.14-1992, SEC.165.

24-4.5-2-504. Repealed - Formerly: Acts 1971, P.L.366, SEC.3. Repealed by P.L.14-1992, SEC.165.

24-4.5-2-505. Repealed - Formerly: Acts 1971, P.L.366, SEC.3. Repealed by P.L.14-1992, SEC.165. (Part...

24-4.5-2-601. Sale Subject to Article by Agreement of Parties - Sec. 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 - Sec. 602. (1) A "consumer related sale" is a sale...

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

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

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

Chapter 3. Loans

24-4.5-3-0.1. Application of Certain Amendments to Chapter - Sec. 0.1. The following amendments to this chapter apply as...

24-4.5-3-101. Short Title - Sec. 101. Short Title — This Chapter shall be known...

24-4.5-3-102. Application - Sec. 102. This chapter applies to consumer loans, including supervised...

24-4.5-3-103. Repealed - Formerly: Acts 1971, P.L.366, SEC.4. As amended by P.L.1-1994, SEC.118;...

24-4.5-3-104. Repealed - Formerly: Acts 1971, P.L.366, SEC.4. As amended by P.L.247-1983, SEC.14;...

24-4.5-3-105. "Consumer Loan"; First Lien Mortgage Transaction Not Included - Sec. 105. Unless the loan is made subject to IC...

24-4.5-3-106. "Loan" - Sec. 106. Definition: "Loan" — "Loan" includes (1) the creation...

24-4.5-3-107. Definitions; "Lender"; "Precomputed"; "Principal" - Sec. 107. Definitions: "Lender"; "Precomputed"; "Principal" ─ (1) Except as...

24-4.5-3-108. "Revolving Loan Account" - Sec. 108. Definition: "Revolving Loan Account" — "Revolving loan account"...

24-4.5-3-109. "Loan Finance Charge" - Sec. 109. (1) "Loan finance charge" means the sum of:...

24-4.5-3-110. Repealed - As added by P.L.153-2016, SEC.3. Repealed by P.L.176-2019, SEC.14.

24-4.5-3-110.5. Repealed - As added by P.L.153-2016, SEC.4. Amended by P.L.85-2017, SEC.95. 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... - Sec. 201. Loan Finance Charge for Consumer Loans other than...

24-4.5-3-202. Permitted Additional Charges; Skip-a-Payment Services; Expedited Payment Services; Debt Cancellation Agreements; Insurance; Gap Agreements - Sec. 202. (1) In addition to the loan finance charge...

24-4.5-3-203. Repealed - Formerly: Acts 1971, P.L.366, SEC.4. Repealed by P.L.122-1994, SEC.122.

24-4.5-3-203.5. Delinquency Charges; Conversion of Precomputed Loan to Loan With Finance Charge Based on Unpaid Balances - Sec. 203.5. Delinquency Charges — (1) With respect to a...

24-4.5-3-204. Deferral Charges - Sec. 204. Deferral Charges — (1) This section applies only...

24-4.5-3-205. Loan Finance Charge on Refinancing - Sec. 205. Loan Finance Charge on Refinancing — With respect...

24-4.5-3-206. Loan Finance Charge on Consolidation - Sec. 206. Loan Finance Charge on Consolidation — (1) If...

24-4.5-3-207. Conversion to Revolving Loan Account - Sec. 207. Conversion to Revolving Loan Account. — The parties...

24-4.5-3-208. Advances to Perform Covenants of Debtor - Sec. 208. Advances to Perform Covenants of Debtor. — (1)...

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 - Sec. 209. Right to Prepay - (1) Subject to the...

24-4.5-3-210. Rebate Upon Prepayment - Sec. 210. Rebate upon Prepayment. — (1) Except for subsections...

24-4.5-3-301. Disclosures Required by Consumer Credit Protection Act; Exempt Transactions - Sec. 301. (1) For the purposes of this section, "consumer...

24-4.5-3-302. Repealed - Formerly: Acts 1971, P.L.366, SEC.4. Repealed by P.L.247-1983, SEC.26.

24-4.5-3-303. Repealed - Formerly: Acts 1971, P.L.366, SEC.4. Repealed by P.L.247-1983, SEC.26.

24-4.5-3-304. Repealed - Formerly: Acts 1971, P.L.366, SEC.4. Repealed by P.L.247-1983, SEC.26.

24-4.5-3-305. Repealed - Formerly: Acts 1971, P.L.366, SEC.4. Repealed by P.L.247-1983, SEC.26.

24-4.5-3-306. Repealed - Formerly: Acts 1971, P.L.366, SEC.4. Repealed by P.L.247-1983, SEC.26.

24-4.5-3-307. Repealed - Formerly: Acts 1971, P.L.366, SEC.4. Repealed by P.L.247-1983, SEC.26.

24-4.5-3-308. Repealed - Formerly: Acts 1971, P.L.366, SEC.4. Repealed by P.L.247-1983, SEC.26.

24-4.5-3-309. Repealed - Formerly: Acts 1971, P.L.366, SEC.4. Repealed by P.L.247-1983, SEC.26.

24-4.5-3-310. Repealed - Formerly: Acts 1971, P.L.366, SEC.4. Repealed by P.L.247-1983, SEC.26.

24-4.5-3-311. Repealed - Formerly: Acts 1971, P.L.366, SEC.4. Repealed by P.L.247-1983, SEC.26. (Part...

24-4.5-3-401. Scope - Sec. 401. Scope — This Part applies to consumer loans....

24-4.5-3-402. Balloon Payments; Compliance With Alternative Mortgage Transaction Parity Act - Sec. 402. (1) This section does not apply to a...

24-4.5-3-403. No Assignment of Earnings - Sec. 403. No Assignment of Earnings — (1) A lender...

24-4.5-3-404. Attorney's Fees - Sec. 404. With respect to a consumer loan the agreement...

24-4.5-3-405. Limitation on Default Charges - Sec. 405. Limitation on Default Charges — Except for reasonable...

24-4.5-3-406. Notice of Assignment - Sec. 406. Notice of Assignment — The debtor is authorized...

24-4.5-3-407. Authorization to Confess Judgment Prohibited - Sec. 407. Authorization to Confess Judgment Prohibited — A debtor...

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 - Sec. 408. (1) This section applies to consumer loans, including...

24-4.5-3-501. Definitions; "Supervised Loan"; "Supervised Lender" - Sec. 501. Definitions: (1) "Supervised loan" means a consumer loan...

24-4.5-3-501.5. Persons Also Engaging in Activities of a Loan Broker; Examination by Department; Cooperation With Securities Division - Sec. 501.5. (1) If a person licensed or required to...

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 - Sec. 502. (1) A person that is a: (a) depository...

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... - Sec. 502.1. (1) A person that is a: (a) depository...

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 - Sec. 502.2. (1) Subject to subsection (6), the director may...

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 - Sec. 503. (1) The department shall receive and act on...

24-4.5-3-503.1. National Criminal History Background Check; Fingerprints; Payment of Fees or Costs; Use of Nmlsr - Sec. 503.1. (1) When the director requests a national criminal...

24-4.5-3-503.2. Credit Reports; Payment of Fees or Costs; Demonstrated Financial Responsibility; Considerations - Sec. 503.2. (1) If the director requests a credit report...

24-4.5-3-503.3. Surety Bond for Creditors Engaged in Mortgage Transactions; Requirements; Amount; Termination; Liability; Notices - Sec. 503.3. (1) Each: (a) creditor licensed by the department...

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... - Sec. 503.4. (1) Subject to subsection (6), the director shall...

24-4.5-3-503.5. Repealed - As added by P.L.176-1996, SEC.8. Repealed by P.L.35-2010, SEC.209.

24-4.5-3-503.6. License Renewal; Revocation or Suspension of License Not Renewed; Reinstatement or Appeal; Correcting Amendments - Sec. 503.6. (1) A license issued under this article must...

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 - Sec. 504. (1) The department may issue to a person...

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 - Sec. 505. (1) Every creditor required to be licensed under...

24-4.5-3-505.5. Automated Loan Machines - Sec. 505.5. (a) As used in this section, "automated loan...

24-4.5-3-506. Repealed - Formerly: Acts 1971, P.L.366, SEC.4. As amended by P.L.14-1992, SEC.36;...

24-4.5-3-507. Repealed - Formerly: Acts 1971, P.L.366, SEC.4. As amended by P.L.152-1986, SEC.65;...

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 - Sec. 508. Loan Finance Charge for Supervised Loans ─ (1)...

24-4.5-3-508.5. Repealed - As added by Acts 1981, P.L.219, SEC.5. Repealed by Acts...

24-4.5-3-509. Use of Multiple Agreements - Sec. 509. Use of Multiple Agreements. — With respect to...

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

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

24-4.5-3-512. Carrying on Other Business - Sec. 512. Conduct of Business Other than Making Loans —...

24-4.5-3-513. Application of Other Provisions - Sec. 513. Application of Other Provisions — Except as otherwise...

24-4.5-3-514. Repealed - Formerly: Acts 1971, P.L.366, SEC.4. Repealed by P.L.14-1992, SEC.165.

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 - Sec. 515. (1) As used in this section, "control" means...

24-4.5-3-601. Loans Subject to Article by Agreement of Parties - Sec. 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 - Sec. 602. (1) A "consumer related loan" is a loan...

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

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

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

24-4.5-3-606. Required Disclosures; Liability on Fraudulently Cashed Instruments - Sec. 606. (1) In addition to any disclosures otherwise provided...

24-4.5-3-701. Requirement to Provide Property Tax Information in Certain Transactions - Sec. 701. With respect to a consumer loan secured by...

Chapter 4. Insurance

24-4.5-4-101. Short Title - Sec. 101. Short Title — This Chapter shall be known...

24-4.5-4-102. Application; Relation to Credit Insurance Act - Sec. 102. (1) Except as provided in subsection (2), this...

24-4.5-4-103. "Consumer Credit Insurance" Defined - Sec. 103. In this article, "consumer credit insurance" means insurance,...

24-4.5-4-104. Creditor's Provisions of and Charge for Insurance; Excess Amount of Charge - Sec. 104. Creditor's Provisions of and Charge for Insurance; Excess...

24-4.5-4-105. Conditions Applying to Insurance to Be Provided by Creditor - Sec. 105. Conditions Applying to Insurance to be Provided by...

24-4.5-4-106. Unconscionability - Sec. 106. Unconscionability — (1) In applying the provisions of...

24-4.5-4-107. Maximum Charge by Creditor for Insurance; Methods for Calculating Charge - Sec. 107. Maximum Charge by Creditor for Insurance - (1)...

24-4.5-4-108. Prepayment by Proceeds of Consumer Credit Insurance; Refund Required; Documentation; Amount; Interest; Civil Penalty - Sec. 108. Refund or Credit Required; Amount — (1) Upon...

24-4.5-4-109. Existing Insurance; Choice of Insurer - Sec. 109. Existing Insurance; Choice of Insurer — If a...

24-4.5-4-110. Charge for Insurance Connection With a Deferral, Refinancing, or Consolidation; Duplicate Charges - Sec. 110. (1) A creditor may not contract for or...

24-4.5-4-111. Cooperation Between Administrator and Insurance Commissioner - Sec. 111. Cooperation Between the Department and Insurance Commissioner -...

24-4.5-4-112. Administrative Action of Commissioner of Insurance - Sec. 112. (1) To the extent that his responsibility under...

24-4.5-4-201. Term of Insurance - Sec. 201. Term of Insurance — (1) Consumer credit insurance...

24-4.5-4-202. Amount of Insurance - Sec. 202. (1) Except as provided in subsection (2): (a)...

24-4.5-4-203. Filing and Approval of Rates and Forms - Sec. 203. (1) A creditor may not use a form,...

24-4.5-4-301. Property Insurance - Sec. 301. Property Insurance - (1) A creditor may not...

24-4.5-4-302. Insurance on Creditor's Interest Only - Sec. 302. Insurance on Creditor's Interest Only — If a...

24-4.5-4-303. Liability Insurance - Sec. 303. Liability Insurance — A creditor may not contract...

24-4.5-4-304. Cancellation by Creditor - Sec. 304. Cancellation by Creditor — A creditor shall not...

24-4.5-4-305. Refund of Unearned Premium for Property Insurance Upon Payment of Loan - Sec. 305. Upon the payment in full of a consumer...

Chapter 5. Remedies and Penalties

24-4.5-5-0.1. Application of Certain Amendments to Chapter - Sec. 0.1. The amendments made to section 203 of this...

24-4.5-5-101. Short Title - Sec. 101. Short Title — This Chapter shall be known...

24-4.5-5-102. Scope - Sec. 102. Scope — This Part applies to actions or...

24-4.5-5-103. Restrictions on Deficiency Judgments in Consumer Credit Sales - Sec. 103. Restrictions on Deficiency Judgments in Consumer Credit Sales...

24-4.5-5-104. No Garnishment Before Judgment - Sec. 104. No Garnishment Before Judgment — Prior to entry...

24-4.5-5-105. Limitation on Garnishment and Proceedings Supplemental to Execution; Employer's Fee - Sec. 105. (1) For the purposes of IC 24-4.5-5-101 through...

24-4.5-5-106. No Discharge From Employment for Garnishment - Sec. 106. No Discharge From Employment for Garnishment—No employer shall...

24-4.5-5-107. Extortionate Extensions of Credit - Sec. 107. Extortionate Extensions of Credit — (1) If it...

24-4.5-5-108. Unconscionability - Sec. 108. Unconscionability — (1) With respect to a consumer...

24-4.5-5-201. First Lien Mortgage Transactions; Civil Liability for Disclosure Violations; Debtor's Right to Rescind - Sec. 201. For purposes of the provisions on civil liability...

24-4.5-5-202. Effect of Violations on Rights of Parties - Sec. 202. Effect of Violations on Rights of Parties —...

24-4.5-5-203. Civil Liability for Violation of Disclosure Provisions - Sec. 203. Civil Liability for Violation of Disclosure Provisions —...

24-4.5-5-204. Debtor's Right to Rescind; Accruing Interest Prohibited During Rescission Period; Disbursement of Proceeds - Sec. 204. Debtor's Right to Rescind Certain Transactions — (1)...

24-4.5-5-205. Refunds and Penalties as Set-Off to Obligation - Sec. 205. Refunds and Penalties as Set-Off to Obligation —...

24-4.5-5-301. Knowing Violations - Sec. 301. (1) A lender who knowingly makes charges in...

24-4.5-5-302. Disclosure Violations - Sec. 302. A person commits a Class A misdemeanor if...

Chapter 6. Administration

24-4.5-6-101. Short Title - Sec. 101. Short Title — This Chapter shall be known...

24-4.5-6-102. Applicability; "Consumer Credit Sale"; "Consumer Loan" - Sec. 102. (a) IC 24-4.5-6-101 through IC 24-4.5-6-117 apply to...

24-4.5-6-103. Department - Sec. 103. Department — "Department" means the members of the...

24-4.5-6-103.5. Repealed - As added by P.L.80-1998, SEC.9. Repealed by P.L.35-2010, SEC.209.

24-4.5-6-104. Powers of Department; Reliance on Rules - Sec. 104. (1) In addition to other powers granted by...

24-4.5-6-105. Administrative Powers With Respect to Depository Institutions - Sec. 105. (1) With respect to depository institutions, the powers...

24-4.5-6-106. Department's Examination and Investigatory Authority; Record Retention; Director's Authority to Control Access to Records; Court Order Compelling Compliance; Confidentiality; Costs; Vendors - Sec. 106. (1) In administering this article and in order...

24-4.5-6-106.5. Powers of Director - Sec. 106.5. To carry out the purposes of this chapter,...

24-4.5-6-107. Applicability of Laws Governing Administrative Orders and Rules; Venue; Emergency Rulemaking Authority - Sec. 107. (1) Except as otherwise provided, IC 4-21.5-3 governs...

24-4.5-6-107.5. Prohibited Acts - Sec. 107.5. It is a violation of this article for...

24-4.5-6-108. Cease and Desist Orders; Judicial Review or Enforcement Proceedings; Record; Appeal; Unconscionable or Fraudulent Conduct Subject to Injunction - Sec. 108. (1) After notice and an opportunity to be...

24-4.5-6-109. Assurance of Discontinuance - Sec. 109. Assurance of Discontinuance — If it is claimed...

24-4.5-6-110. Injunctions Against Violations - Sec. 110. The department may bring a civil action to...

24-4.5-6-111. Injunctions Against Unconscionable Agreements and Fraudulent or Unconscionable Conduct - Sec. 111. Injunctions Against Unconscionable Agreements and Fraudulent or Unconscionable...

24-4.5-6-112. Temporary Relief - Sec. 112. Temporary Relief — With respect to an action...

24-4.5-6-113. Civil Actions by Department; Civil Penalties for Violations - Sec. 113. (1) After demand, the department may bring a...

24-4.5-6-114. Repealed - Formerly: Acts 1971, P.L.366, SEC.7. As amended by P.L.14-1992, SEC.56....

24-4.5-6-115. Debtor's Remedies Not Affected - Sec. 115. Debtor's Remedies Not Affected — The grant of...

24-4.5-6-116. Venue - Sec. 116. Venue — The department may bring actions or...

24-4.5-6-117. "Civil Court" Defined - Sec. 117. As used in this article, "civil court" means...

24-4.5-6-119. Violations by Individuals; Persons Convicted of Felonies; Civil Penalties; Creditor's Duty to Notify Department of Discharge or Termination - Sec. 119. (a) Subject to subsection (b), if the director...

24-4.5-6-120. Notice of Charges; Requirements; Hearing; Final Order; Suspension or Prohibition Pending Final Order; Official Record - Sec. 120. (a) A notice issued under section 119 of...

24-4.5-6-121. Consent Agreement; Notice of Charges Not Required - Sec. 121. If the director enters into a consent to...

24-4.5-6-122. Final Order; Penalties; Time for Issuance; Consent Presumed Upon Failure to Appear - Sec. 122. (a) Subject to section 120 of this chapter,...

24-4.5-6-123. Final Order; Effective Date; Authority of Department or Court to Stay, Modify, or Vacate - Sec. 123. (a) A final order issued under section 122...

24-4.5-6-124. Factors for Determining Amount of Civil Penalty; Indemnification by Creditor Prohibited; Deposit of Civil Penalties in Financial Institutions Fund - Sec. 124. (a) The director or the department, as appropriate,...

24-4.5-6-125. Authority of Director to Enforce Orders, Agreements, or Conditions in Court - Sec. 125. The director may enforce any of the following...

24-4.5-6-201. Applicability of Notification Requirements and Fees - Sec. 201. (1) This section and sections 202 and 203...

24-4.5-6-202. Notification - Sec. 202. (1) Persons that are subject to this section...

24-4.5-6-203. Fees - Sec. 203. (1) Persons required to file notification who are...

24-4.5-6-204. Nonapplicability of Licensing and Notification Requirements to Attorneys' Services - Sec. 204. IC 24-4.5-3-502, IC 24-4.5-6-201, IC 24-4.5-6-202, and IC...

Chapter 7. Small Loans

24-4.5-7-101. Citation - Sec. 101. This chapter shall be known and may be...

24-4.5-7-102. Applicability; Authority to Make, Take Assignment Of, or Collect Small Loans; License Required; Application; Separate License Required for Activities Involving Consumer Loans; "Regularly Engages" - Sec. 102. (1) Except as otherwise provided, all provisions of...

24-4.5-7-103. Definitions - Sec. 103. The following definitions apply to this chapter: "Small...

24-4.5-7-104. Small Loan - Sec. 104. (1) "Small loan" means a loan: (a) with...

24-4.5-7-105. Principal - Sec. 105. "Principal" means the total of: (a) the net...

24-4.5-7-106. Check - Sec. 106. For purposes of this chapter, "check" has the...

24-4.5-7-107. Renewal - Sec. 107. "Renewal" refers to a small loan that takes...

24-4.5-7-108. Consecutive Small Loan - Sec. 108. "Consecutive small loan" means a new small loan...

24-4.5-7-109. Paid in Full - Sec. 109. "Paid in full" means the termination of a...

24-4.5-7-110. Monthly Gross Income - Sec. 110. "Monthly gross income" means the income received by...

24-4.5-7-111. Lender - Sec. 111. "Lender" means a person that acquires and retains...

24-4.5-7-112. Lender Not Considered a Financial Institution - Sec. 112. A lender is not considered a financial institution,...

24-4.5-7-201. Finance Charges - Sec. 201. (1) Finance charges on the first two hundred...

24-4.5-7-202. Fee for Dishonored Check, Electronic Funds Transfer, or Debit Authorization; Limits on Lender's Presentment of Check or Debiting of Account - Sec. 202. (1) Notwithstanding any other law, the only fee...

24-4.5-7-301. Disclosures; Informational Brochure - Sec. 301. (1) For purposes of this section, the lender...

24-4.5-7-401. Term of Loan; Consecutive Small Loans; Extended Payment Plans - Sec. 401. (1) A small loan may not be made...

24-4.5-7-402. Limits Based on Borrower's Income; Security; Partial Payments; Payments; Loan Documents; Recision; Renewal Prohibited - Sec. 402. (1) A lender is prohibited from making a...

24-4.5-7-403. Security for Loan - Sec. 403. A small loan may not be secured by...

24-4.5-7-404. Limits and Number and Amounts of Outstanding Loans; Lender's Verification; Third Party Data Base; Civil Penalties; Excess Finance Charges; Verification of Social Security Number - Sec. 404. (1) As used in this section, "commercially reasonable...

24-4.5-7-405. Carrying on Other Business - Sec. 405. (1) This section does not apply to a...

24-4.5-7-406. Borrower's Default; Permissible and Prohibited Remedies; Notice to Borrower - Sec. 406. (1) An agreement with respect to a small...

24-4.5-7-407. Repealed - As added by P.L.38-2002, SEC.1. Repealed by P.L.73-2004, SEC.48.

24-4.5-7-408. Repealed - As added by P.L.38-2002, SEC.1. Repealed by P.L.73-2004, SEC.48.

24-4.5-7-409. Violations; Remedies and Damages; Equitable Relief; Exhaustion of Administrative Remedies Not Required - Sec. 409. (1) This section applies to licensees and unlicensed...

24-4.5-7-410. Prohibited Acts by Lender - Sec. 410. A lender making small loans, or an assignee...

24-4.5-7-411. Exemption of Finance Charges - Sec. 411. Finance charges made in compliance with this chapter...

24-4.5-7-412. Endorsement of Check - Sec. 412. Upon the receipt of a check from a...

24-4.5-7-413. Surety Bond; Requirements; Amount; Termination; Liability; Notices - Sec. 413. (1) A person engaged in making small loans...

24-4.5-7-414. Rulemaking Authority - Sec. 414. The department may adopt rules under IC 4-22-2...

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Indiana Code Title 24. Trade Regulation Article 4.5. Uniform Consumer Credit Code

Indiana Code
Title 24. Trade Regulation
Article 4.5. Uniform Consumer Credit Code