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

Indiana Statutes

§ 24-4.5-2-111 — "Amount financed"

Indiana § 24-4.5-2-111

Art. 4.5UNIFORM CONSUMER CREDIT CODE

Ch. 2Credit Sales

This text of Indiana § 24-4.5-2-111 ("Amount financed") 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 § 24-4.5-2-111 (2026).

Text

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)

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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)