§ 24-4.5-7-109 — Paid in full

Indiana § 24-4.5-7-109

• Jurisdiction: Indiana
• Art. 4.5: UNIFORM CONSUMER CREDIT CODE
• Ch. 7: Small Loans

Text

"Paid in full" means the termination of a
small loan through:
(1) the presentment of the borrower's check for payment by the
drawee bank or the exercise by the lender of an authorization to
debit an account of the borrower; or
(2) the return of a check to a borrower who redeems it for
consideration.

Legislative History

As added by P.L.38-2002, SEC.1. Amended by P.L.73-2004, SEC.21; P.L.10-2006, SEC.13 and P.L.57-2006, SEC.13.