Indiana § 24-4.5-3-606 Required disclosures; liability on fraudulently cashed instruments

Indiana Statutes

§ 24-4.5-3-606 — Required disclosures; liability on fraudulently cashed instruments

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

(1)In addition to any disclosures otherwise provided by law, a lender soliciting loans using a negotiable check, facsimile, or other negotiable instrument that may be used by a consumer to activate a new loan shall disclose the following: "This is a solicitation for a loan. Read the enclosed disclosures before signing this agreement." This notice shall be printed in at least ten point type and shall appear conspicuously on the offer.

(2)If a negotiable check, a facsimile, or another instrument is stolen or incorrectly received by someone other than the intended payee and the instrument is fraudulently cashed, the consumer who was the intended payee is not liable for the loan obligation.

Free access — add to your briefcase to read the full text and ask questions with AI

(1) In addition to any disclosures
otherwise provided by law, a lender soliciting loans using a negotiable
check, facsimile, or other negotiable instrument that may be used by a
consumer to activate a new loan shall disclose the following:
"This is a solicitation for a loan. Read the enclosed disclosures
before signing this agreement."
This notice shall be printed in at least ten point type and shall appear
conspicuously on the offer.
(2) If a negotiable check, a facsimile, or another instrument is stolen
or incorrectly received by someone other than the intended payee and
the instrument is fraudulently cashed, the consumer who was the
intended payee is not liable for the loan obligation.

Indiana § 24-4.5-3-606 (Required disclosures; liability on fraudulently cashed instruments) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.