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.
28-1-13-1.6. 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. Repealed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 Repealed by P.L.14-1992, SEC.165.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 […]