Indiana Statutes

§ 24-4.5-3-207 — Conversion to revolving loan account

Indiana § 24-4.5-3-207
JurisdictionIndiana
Art. 4.5UNIFORM CONSUMER CREDIT CODE
Ch. 3Loans

This text of Indiana § 24-4.5-3-207 (Conversion to revolving loan account) 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 § 24-4.5-3-207 (2026).

Text

Conversion to Revolving Loan Account. — The parties may agree to add to a revolving loan account the unpaid balance of a consumer loan, not made pursuant to a revolving loan account, or a refinancing, or consolidation thereof, or the unpaid balance of a consumer credit sale, refinancing or consolidation, for the purpose of this section.

(1)the unpaid balance of a consumer loan, refinancing, or consolidation is an amount equal to the principal determined according to the provisions on refinancing (24-4.5-3-205); and
(2)the unpaid balance of a consumer credit sale, refinancing, or consolidation is an amount equal to the amount financed determined according to the provisions on refinancing (24-4.5-2-205). Formerly: Acts 1971, P.L.366, SEC.4.

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Indiana § 24-4.5-3-207, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/24-4.5-3-207.