Sec. 406. (1) An agreement with respect to a small loan may not provide for charges as a result of default by the borrower other than those specifically authorized by this chapter. A provision in a small loan agreement in violation of this section is unenforceable. (2) A lender or an assignee of a small […]
Sec. 406. (1) An agreement with respect to a small loan may not provide for charges as a result of default by the borrower other than those specifically authorized by this chapter. A provision in a small loan agreement in violation of this section is unenforceable. (2) A lender or an assignee of a small […]
As added by P.L.38-2002, SEC.1. Repealed by P.L.73-2004, SEC.48.
As added by P.L.38-2002, SEC.1. Repealed by P.L.73-2004, SEC.48.
As added by P.L.38-2002, SEC.1. Repealed by P.L.73-2004, SEC.48.
As added by P.L.38-2002, SEC.1. Repealed by P.L.73-2004, SEC.48.
Sec. 409. (1) This section applies to licensees and unlicensed persons. (2) A person who violates this chapter: (a) is subject to the remedies provided in IC 24-4.5-5-202; (b) commits a deceptive act under IC 24-5-0.5 and is subject to the penalties listed in IC 24-5-0.5; (c) has no right to collect, receive, or retain […]
Sec. 409. (1) This section applies to licensees and unlicensed persons. (2) A person who violates this chapter: (a) is subject to the remedies provided in IC 24-4.5-5-202; (b) commits a deceptive act under IC 24-5-0.5 and is subject to the penalties listed in IC 24-5-0.5; (c) has no right to collect, receive, or retain […]
Sec. 410. A lender making small loans, or an assignee of a small loan, shall not commit nor cause to be committed any of the following acts: (a) Threatening to use or using the criminal process in any state to collect on a small loan. (b) Threatening to take action against a borrower that is […]
Sec. 410. A lender making small loans, or an assignee of a small loan, shall not commit nor cause to be committed any of the following acts: (a) Threatening to use or using the criminal process in any state to collect on a small loan. (b) Threatening to take action against a borrower that is […]
Sec. 411. Finance charges made in compliance with this chapter are exempt from IC 24-4.5-3-508 and IC 35-45-7. As added by P.L.38-2002, SEC.1.
Sec. 411. Finance charges made in compliance with this chapter are exempt from IC 24-4.5-3-508 and IC 35-45-7. As added by P.L.38-2002, SEC.1.
Sec. 412. Upon the receipt of a check from a borrower for a small loan, unless the check is marked as void at the time of acceptance by the lender, the lender shall immediately stamp the back of the check with an endorsement that states: “This check is being negotiated as part of a small […]
Sec. 412. Upon the receipt of a check from a borrower for a small loan, unless the check is marked as void at the time of acceptance by the lender, the lender shall immediately stamp the back of the check with an endorsement that states: “This check is being negotiated as part of a small […]
Sec. 413. (1) A person engaged in making small loans under this chapter shall post a bond to the department in the amount of fifty thousand dollars ($50,000) for each location where small loans will be made, up to a maximum bond in an amount determined by the director. (2) A surety bond issued under […]
Sec. 413. (1) A person engaged in making small loans under this chapter shall post a bond to the department in the amount of fifty thousand dollars ($50,000) for each location where small loans will be made, up to a maximum bond in an amount determined by the director. (2) A surety bond issued under […]
Sec. 414. The department may adopt rules under IC 4-22-2 to implement this chapter. As added by P.L.38-2002, SEC.1.
Sec. 414. The department may adopt rules under IC 4-22-2 to implement this chapter. As added by P.L.38-2002, SEC.1.
