Indiana Statutes
§ 22-2-7-3 — Interest; rates and charges
Indiana § 22-2-7-3
This text of Indiana § 22-2-7-3 (Interest; rates and charges) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Ind. Code § 22-2-7-3 (2026).
Text
No wage broker shall ask, demand or receive,
either as compensation or interest, or in any other manner, directly or
indirectly, any compensation or interest for the use of money advanced
or loaned by him to any employee or wage earner in excess of the rate
of eight per cent (8%) per year, and said compensation or rate of
interest shall be computed upon the amount actually advanced to and
received by the borrower, and no commission, compensation or charges
in addition to the interest above named shall be asked, demanded or
received by said wage broker or any other person for making or
securing said advancement or loan.
Formerly: Acts 1909, c.34, s.3.
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Nearby Sections
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§ 22-1-1-1
Creation§ 22-1-1-10
Safe place to work§ 22-1-1-11
Commissioner of labor; powers and duties§ 22-1-1-12
Rules; petition for variation§ 22-1-1-13
Repealed§ 22-1-1-14
Repealed§ 22-1-1-15
Labor information; wages and hours; records§ 22-1-1-16
Investigations; right of entry§ 22-1-1-18
Rule violations; prosecution§ 22-1-1-19
Repealed§ 22-1-1-2
Commissioner of labor; bonds; oath§ 22-1-1-2.5
Repealed§ 22-1-1-20
Repealed§ 22-1-1-21
RepealedCite This Page — Counsel Stack
Bluebook (online)
Indiana § 22-2-7-3, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/22-2-7-3.