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·Title 26 COMMERCIAL LAW·Art. 2 COMMERCIAL TRANSACTIONS·Ch. 9 Credit Agreements

(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.]

Free access — add to your briefcase to read the full text and ask questions with AI

(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.]

Indiana § 26-2-9-4 (Claims and defenses arising from credit agreements; writing required) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.