Indiana Statutes

§ 24-4.5-3-407 — Authorization to confess judgment prohibited

Indiana·Art. 4.5 UNIFORM CONSUMER CREDIT CODE·Ch. 3 Loans
Authorization to Confess Judgment Prohibited — A debtor may not authorize any person to confess judgment on a claim arising out of a consumer loan. An authorization in violation of this section is void. Formerly: Acts 1971, P.L.366, SEC.4.

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