§ 24-4.5-7-101 Citation
§ 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”
§ 24-4.5-7-103 Definitions
§ 24-4.5-7-104 Small loan
§ 24-4.5-7-105 Principal
§ 24-4.5-7-106 Check
§ 24-4.5-7-107 Renewal
§ 24-4.5-7-108 Consecutive small loan
§ 24-4.5-7-109 Paid in full
§ 24-4.5-7-110 Monthly gross income
§ 24-4.5-7-111 Lender
§ 24-4.5-7-112 Lender not considered a financial institution
§ 24-4.5-7-201 Finance charges
§ 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
§ 24-4.5-7-301 Disclosures; informational brochure
§ 24-4.5-7-401 Term of loan; consecutive small loans; extended payment plans
§ 24-4.5-7-402 Limits based on borrower’s income; security; partial payments; payments; loan documents; recision; renewal prohibited
§ 24-4.5-7-403 Security for loan
§ 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
§ 24-4.5-7-405 Carrying on other business
§ 24-4.5-7-406 Borrower’s default; permissible and prohibited remedies; notice to borrower
§ 24-4.5-7-409 Violations; remedies and damages; equitable relief; exhaustion of administrative remedies not required
§ 24-4.5-7-410 Prohibited acts by lender
§ 24-4.5-7-411 Exemption of finance charges
§ 24-4.5-7-412 Endorsement of check
§ 24-4.5-7-413 Surety bond; requirements; amount; termination; liability; notices
§ 24-4.5-7-414 Rulemaking authority
lawyer at desk

Ask a legal question, get an answer ASAP!
Click here to chat with a lawyer about your rights.

Terms Used In Indiana Code > Title 24 > Article 4.5 > Chapter 7 - Small Loans

  • Attorney: includes a counselor or other person authorized to appear and represent a party in an action or special proceeding. See Indiana Code 1-1-4-5
  • Bankruptcy: Refers to statutes and judicial proceedings involving persons or businesses that cannot pay their debts and seek the assistance of the court in getting a fresh start. Under the protection of the bankruptcy court, debtors may discharge their debts, perhaps by paying a portion of each debt. Bankruptcy judges preside over these proceedings.
  • Contract: A legal written agreement that becomes binding when signed.
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • Electronic funds transfer: The transfer of money between accounts by consumer electronic systems-such as automated teller machines (ATMs) and electronic payment of bills-rather than by check or cash. (Wire transfers, checks, drafts, and paper instruments do not fall into this category.) Source: OCC
  • Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. Source: U.S. Courts
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Finance charge: The total cost of credit a customer must pay on a consumer loan, including interest. The Truth in Lending Act requires disclosure of the finance charge. Source: OCC
  • in writing: include printing, lithographing, or other mode of representing words and letters. See Indiana Code 1-1-4-5
  • Judgment: means all final orders, decrees, and determinations in an action and all orders upon which executions may issue. See Indiana Code 1-1-4-5
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Rescission: The cancellation of budget authority previously provided by Congress. The Impoundment Control Act of 1974 specifies that the President may propose to Congress that funds be rescinded. If both Houses have not approved a rescission proposal (by passing legislation) within 45 days of continuous session, any funds being withheld must be made available for obligation.
  • Statute: A law passed by a legislature.
  • Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5