Indiana § 24-4.5-2-111 "Amount financed"

Indiana Statutes

§ 24-4.5-2-111 — "Amount financed"

Indiana·Art. 4.5 UNIFORM CONSUMER CREDIT CODE·Ch. 2 Credit Sales

Definition: "Amount Financed" — "Amount financed" means the total of the following to the extent that payment is deferred:

(1)the cash price of the goods, services, or interest in land less the amount of down payment whether made in cash or property;

(2)the amount actually paid or to be paid by the seller pursuant to an agreement with the buyer to discharge a security interest or lien on property traded in; and

(3)if not included in the cash price:

(a)any applicable sales, use, excise or documentary fees;

(b)amounts actually paid or to be paid by the seller for registration, certificate of title, or license fees; and

(c)additional charges permitted by this Chapter (IC 24-4.5-2-202). Formerly: Acts 1971, P.L.366, SEC.3. As amended by P.L.122-1994, SEC.11. (Part 2. Maximum Charges)

Free access — add to your briefcase to read the full text and ask questions with AI

Definition: "Amount Financed" —
"Amount financed" means the total of the following to the extent that
payment is deferred:
(1) the cash price of the goods, services, or interest in land less the
amount of down payment whether made in cash or property;
(2) the amount actually paid or to be paid by the seller pursuant to an
agreement with the buyer to discharge a security interest or lien on
property traded in; and
(3) if not included in the cash price:
(a) any applicable sales, use, excise or documentary fees;
(b) amounts actually paid or to be paid by the seller for
registration, certificate of title, or license fees; and
(c) additional charges permitted by this Chapter (IC 24-4.5-2-202).
Formerly: Acts 1971, P.L.366, SEC.3. As amended by
P.L.122-1994, SEC.11.
(Part 2. Maximum Charges)

Indiana § 24-4.5-2-111 ("Amount financed") — published by Counsel Stack Legal Research, free access to 12M+ legal documents.