Indiana § 24-4.5-3-501 Definitions; "supervised loan"; "supervised lender"

Indiana Statutes

§ 24-4.5-3-501 — Definitions; "supervised loan"; "supervised lender"

Indiana·Art. 4.5 UNIFORM CONSUMER CREDIT CODE·Ch. 3 Loans

Definitions:

(1)"Supervised loan" means a consumer loan in which the rate of the loan finance charge exceeds twenty-five percent (25%) per year as determined according to the provisions on loan finance charge for consumer loans in section 201 of this chapter.

(2)"Supervised lender" means a person authorized to make or take assignments of supervised loans. Formerly: Acts 1971, P.L.366, SEC.4. As amended by Acts 1982, P.L.150, SEC.4; P.L.122-1994, SEC.23; P.L.91-2013, SEC.3.

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Definitions:
(1) "Supervised loan" means a consumer loan in which the rate of
the loan finance charge exceeds twenty-five percent (25%) per year as
determined according to the provisions on loan finance charge for
consumer loans in section 201 of this chapter.
(2) "Supervised lender" means a person authorized to make or take
assignments of supervised loans.
Formerly: Acts 1971, P.L.366, SEC.4. As amended by Acts
1982, P.L.150, SEC.4; P.L.122-1994, SEC.23; P.L.91-2013,
SEC.3.

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