Indiana Statutes
§ 24-4.5-7-109 — Paid in full
"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.
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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.
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