Indiana § 24-4.5-4-106 Unconscionability

Indiana Statutes

§ 24-4.5-4-106 — Unconscionability

Indiana § 24-4.5-4-106

Art. 4.5UNIFORM CONSUMER CREDIT CODE

Ch. 4Insurance

This text of Indiana § 24-4.5-4-106 (Unconscionability) 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 § 24-4.5-4-106 (2026).

Text

Unconscionability —

(1)In applying the provisions of the Article on unconscionability (24-4.5-5-108 and 24-4.5-6-111) to a separate charge for insurance, consideration shall be given, among other factors, to

(a)potential benefits to the debtor including the satisfaction of his obligations;

(b)the creditor's need for the protection provided by the insurance; and

(c)the relation between the amount and terms of credit granted and the insurance benefits provided.

(2)If consumer credit insurance otherwise complies with this Chapter and other applicable law, neither the amount nor the term of the insurance nor the amount of a charge therefor is in itself unconscionable. Formerly: Acts 1971, P.L.366, SEC.5.

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Unconscionability — (1) In applying the
provisions of the Article on unconscionability (24-4.5-5-108 and
24-4.5-6-111) to a separate charge for insurance, consideration shall be
given, among other factors, to
(a) potential benefits to the debtor including the satisfaction of his
obligations;
(b) the creditor's need for the protection provided by the insurance;
and
(c) the relation between the amount and terms of credit granted and
the insurance benefits provided.
(2) If consumer credit insurance otherwise complies with this
Chapter and other applicable law, neither the amount nor the term of
the insurance nor the amount of a charge therefor is in itself
unconscionable.
Formerly: Acts 1971, P.L.366, SEC.5.