§ 24-4.5-2-301 — Disclosures required by Consumer Credit Protection Act; exempt transactions

Indiana § 24-4.5-2-301

• Jurisdiction: Indiana
• Art. 4.5: UNIFORM CONSUMER CREDIT CODE
• Ch. 2: Credit Sales

Text

(1) For purposes of this section, "consumer
credit sale" includes a sale that is a sale of an interest in land and that
is a first lien mortgage transaction if the sale is otherwise a consumer
credit sale (IC 24-4.5-1-301.5(8)).
(2) The seller shall disclose to the buyer to whom credit is extended
with respect to a consumer credit sale, and the lessor shall disclose to
the lessee with respect to a consumer lease, the information required by
the Consumer Credit Protection Act (15 U.S.C. 1601 et seq.).
(3) For purposes of subsection (2), disclosures shall not be required
on a consumer credit sale if the transaction is exempt from the
Consumer Credit Protection Act (15 U.S.C. 1601 et seq.).
Formerly: Acts 1971, P.L.366, SEC.3. As amended by Acts
1981, P.L.218, SEC.4; P.L.247-1983, SEC.7; P.L.45-1995, SEC.6;
P.L.35-2010, SEC.45; P.L.159-2017, SEC.9.