Indiana Statutes
§ 24-4.5-2-414 — Limitation on default charges
Limitation on Default Charges — Except
for reasonable expenses incurred in realizing on a security interest, the
agreement with respect to a consumer credit sale may not provide for
any charges as a result of default by the buyer other than those
authorized by this Article. A provision in violation of this section is
unenforceable.
Formerly: Acts 1971, P.L.366, SEC.3.
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15
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Person; definition§ 24-1-2-2
Monopoly; offense