24-12-4.5-1. Applicability

Sec. 1. This chapter applies to a CPAP transaction offered or entered into after June 30, 2016. As added by P.L.176-2019, SEC.40.

24-12-4.5-2. Fee; Servicing Charge; Document Charges; Limitations

Sec. 2. (a) With respect to a CPAP transaction, a CPAP provider may impose the following: (1) A fee that is: (A) calculated at an annual rate that does not exceed thirty-six percent (36%) of the funded amount; and (B) earned at consummation and each year after consummation on the anniversary of the funding date, […]