§ 24-4.5-6-201 — Applicability of notification requirements and fees

(1) This section and sections 202 and 203
of this chapter apply to a person, including a depository institution, but
not including a collection agency licensed under IC 25-11-1, engaged
in Indiana in any of the following:
(a) Making consumer credit sales, consumer leases, or consumer
loans.
(b) Taking assignments of rights against debtors that arise from
sales, leases, or loans by a person having an office or a place of
business in Indiana.
(c) Undertaking direct collection of payments from the debtors or
enforcement of rights against the debtors.
(d) Placing consumer credit insurance, receiving commissions for
consumer credit insurance, or acting as a limited line credit
insurance producer in the sale of consumer credit insurance.
(e) Selling insurance or other benefits, the charges for which are
approved by the department as additional charges under IC 24-4.5-2-202 or IC 24-4.5-3-202.
(2) This section and sections 202 and 203 of this chapter are not
applicable to a seller whose credit sales consist entirely of sales made
pursuant to a seller credit card issued by a person other than the seller
if the issuer of the card has complied with the provisions of this section
and sections 202 and 203 of this chapter.
(3) This section and sections 202 and 203 of this chapter apply to a
seller whose credit sales are made using credit cards that:
(a) are issued by a lender;
(b) are in the name of the seller; and
(c) can be used by the buyer or lessee only for purchases or leases
at locations of the named seller.
Formerly: Acts 1971, P.L.366, SEC.7; Acts 1972, P.L.182,
SEC.3. As amended by P.L.152-1986, SEC.72; P.L.14-1992, SEC.59;
P.L.122-1994, SEC.36; P.L.176-1996, SEC.10; P.L.178-2003, SEC.11;
P.L.10-2006, SEC.10 and P.L.57-2006, SEC.10; P.L.213-2007,
SEC.17; P.L.217-2007, SEC.16; P.L.35-2010, SEC.80.