Indiana Statutes

§ 24-4.5-7-105 — Principal

Indiana·Art. 4.5 UNIFORM CONSUMER CREDIT CODE·Ch. 7 Small Loans

"Principal" means the total of:

(a)the net amount paid to, receivable by, or paid or payable from the account of the borrower; and
(b)to the extent that the payment is deferred, the additional charges permitted by this chapter that are not included in subdivision (a).

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Legislative History

As added by P.L.38-2002, SEC.1. Amended by P.L.73-2004, SEC.18.

Nearby Sections

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