Indiana § 26-2-9-4 Claims and defenses arising from credit agreements; writing required

Indiana Statutes

§ 26-2-9-4 — Claims and defenses arising from credit agreements; writing required

Indiana § 26-2-9-4

Title 26COMMERCIAL LAW

Art. 2COMMERCIAL TRANSACTIONS

Ch. 9Credit Agreements

This text of Indiana § 26-2-9-4 (Claims and defenses arising from credit agreements; writing required) 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 § 26-2-9-4 (2026).

Text

(a)A debtor may assert:

(1)a claim for legal or equitable relief; or

(2)a defense to a claim; arising from a credit agreement only if the credit agreement at issue satisfies the requirements set forth in subsection (b).

(b)A debtor may assert a claim or defense under subsection (a) only if the credit agreement at issue:

(1)is in writing;

(2)sets forth all material terms and conditions of the credit agreement, including the loan amount, rate of interest, duration, and security; and

(3)is signed by the creditor and the debtor. [Pre-2002 Title 32 Recodification Citation: 32-2-1.5-4.]

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(a) A debtor may assert:
(1) a claim for legal or equitable relief; or
(2) a defense to a claim;
arising from a credit agreement only if the credit agreement at issue
satisfies the requirements set forth in subsection (b).
(b) A debtor may assert a claim or defense under subsection (a) only
if the credit agreement at issue:
(1) is in writing;
(2) sets forth all material terms and conditions of the credit
agreement, including the loan amount, rate of interest, duration,
and security; and
(3) is signed by the creditor and the debtor.
[Pre-2002 Title 32 Recodification Citation:
32-2-1.5-4.]