28-1-13-1. Repealed
Formerly: Acts 1933, c.40, s.195; Acts 1935, c.5, s.32; Acts 1965, c.356, s.12. As amended by P.L.265-1983, SEC.1. Repealed by P.L.14-1992, SEC.165.
28-1-13-1.1. “Capital and Surplus” or “Unimpaired Capital and Unimpaired Surplus” Defined
Sec. 1.1. As used in this chapter, “capital and surplus” or “unimpaired capital and unimpaired surplus” has the meaning set forth in 12 CFR 32.2. As added by P.L.14-1992, SEC.83. Amended by P.L.176-1996, SEC.13; P.L.213-2007, SEC.42; P.L.217-2007, SEC.40.
28-1-13-1.2. “Loans and Extensions of Credit” Defined
Sec. 1.2. As used in this chapter, “loans and extensions of credit” has the meaning set forth in 12 CFR 32.2. As added by P.L.14-1992, SEC.84. Amended by P.L.90-2008, SEC.25.
28-1-13-1.3. “Person” Defined
Sec. 1.3. As used in this chapter, “person” includes an individual, a sole proprietorship, a partnership, a joint venture, an association, a trust, an estate, a business trust, a limited liability company, a corporation, a sovereign government, or an agency, an instrumentality, or a political subdivision thereof, or any similar entity or organization. As added […]
28-1-13-1.4. Repealed
As added by P.L.14-1992, SEC.86. Repealed by P.L.176-1996, SEC.35.
28-1-13-1.5. Limits on Total Loans and Extensions of Credit to One Borrower; Loans and Extensions Not Fully Secured; Loans and Extensions Fully Secured; Derivative Transactions
Sec. 1.5. (a) The total loans and extensions of credit by a bank to a person outstanding at one (1) time and not fully secured, as determined in a manner consistent with subsection (b), by collateral having a market value at least equal to the amount of the loan or extension of credit may not […]
28-1-13-1.6. Exceptions to Limitations on Loans or Extensions of Credit to One Borrower
Sec. 1.6. The limitations contained in section 1.5 of this chapter are subject to the exceptions set forth in 12 CFR 32.3. As added by P.L.14-1992, SEC.88. Amended by P.L.73-2016, SEC.20.
28-1-13-1.7. Limit on Total Consumer Credit Obligation of One Borrower
Sec. 1.7. (a) Loans and extensions of credit arising from the discount of negotiable or nonnegotiable installment consumer paper that carries a full recourse endorsement or unconditional guarantee by the person transferring the paper is subject under this section to a maximum limitation equal to twenty-five percent (25%) of the capital and surplus, notwithstanding the […]
28-1-13-1.8. Limit on Obligations Secured by Documents or Instruments Covering Livestock; Dealer Discount of Paper Securing Sale of Dairy Cattle With Payment Guaranteed by Seller
Sec. 1.8. (a) Loans and extensions of credit secured by shipping documents or instruments transferring or securing title covering livestock or giving a lien on livestock when the market value of the livestock securing the obligation is not at any time less than one hundred fifteen percent (115%) of the face amount of the note […]
28-1-13-10. Prohibition Against Accepting Compensation for Procuring Loan; Exception for Bona Fide Employment or Compensation Agreements
Sec. 10. (a) Except as otherwise provided, and subject to subsection (b), an officer, director, owner, partner, employee, or attorney of any bank or trust company who stipulates for, receives, or consents or agrees to receive, any fee, commission, gift, or thing of value, from any person, for the purpose of procuring or endeavoring to […]
28-1-13-11. Reduction of Existing Obligations Held in Excess of Limitations
Sec. 11. Except as otherwise provided in this chapter, any bank or trust company which holds obligations of indebtedness in violation of the limitations prescribed in this chapter shall, not later than July 1, 1936, cause the amount of such obligations to conform to the limitations prescribed by this article and by the provisions of […]
28-1-13-12. Loans or Credit to Student Loan Marketing Association; Applicability of Capital and Surplus Limitation
Sec. 12. Loans or extensions of credit to the Student Loan Marketing Association are not subject to any limitation based on capital and surplus. As added by P.L.14-1992, SEC.92.
28-1-13-13. Applicability of Federal Regulations
Sec. 13. The department may apply the provisions of 12 CFR 32 in the application and administration of this chapter. As added by P.L.14-1992, SEC.93.
28-1-13-2. Repealed
Formerly: Acts 1933, c.40, s.196; Acts 1965, c.356, s.13. As amended by P.L.263-1985, SEC.64. Repealed by P.L.14-1992, SEC.165.
28-1-13-3. Repealed
Formerly: Acts 1933, c.40, s.197; Acts 1935, c.5, s.33; Acts 1945, c.45, s.1; Acts 1949, c.188, s.1; Acts 1965, c.356, s.14; Acts 1969, c.280, s.4. As amended by P.L.263-1985, SEC.65. Repealed by P.L.14-1992, SEC.165.
28-1-13-4. Repealed
Formerly: Acts 1933, c.40, s.198; Acts 1935, c.5, s.34; Acts 1939, c.102, s.5. As amended by P.L.263-1985, SEC.66. Repealed by P.L.14-1992, SEC.165.
28-1-13-5. Repealed
Formerly: Acts 1933, c.40, s.199; Acts 1935, c.5, s.35. As amended by Acts 1982, P.L.167, SEC.1; P.L.263-1985, SEC.67. Repealed by P.L.14-1992, SEC.165.
28-1-13-6. Extension of Credit to Officers, Directors, or Principal Shareholders; Compliance With Federal Restrictions
Sec. 6. Any bank or trust company may extend credit to an officer, a director, or a principal shareholder in accordance with the restrictions and provisions of Regulation O of the Board of Governors of the Federal Reserve System (12 CFR 215). Formerly: Acts 1933, c.40, s.200; Acts 1935, c.5, s.36; Acts 1937, c.33, s.28; […]
28-1-13-7. Repealed
Formerly: Acts 1933, c.40, s.201; Acts 1937, c.26, s.1; Acts 1939, c.102, s.8; Acts 1943, c.87, s.1; Acts 1945, c.104, s.1; Acts 1957, c.254, s.1; Acts 1961, c.86, s.1; Acts 1965, c.356, s.15; Acts 1967, c.295, s.3; Acts 1971, P.L.394, SEC.29; Acts 1973, P.L.281, SEC.1. As amended by Acts 1979, P.L.260, SEC.1; Acts 1979, P.L.261, […]
28-1-13-7.1. State Chartered Banks; Real Estate Loans
Sec. 7.1. (a) As used in this section, “federally chartered bank” means a bank that was incorporated under 12 U.S.C. 21 et seq. and is doing business in Indiana. (b) As used in this section, “rollover mortgage” means a loan that: (1) is secured by a first mortgage on real estate improved by: (A) a […]