Indiana Statutes
§ 28-14-3-20 — Compensation or commission for loan negotiation or trust execution not considered interest or usury
The compensation or commission paid or
agreed to be paid for the negotiation of any loan or the execution of any
trust by a corporate fiduciary is not interest within the meaning of any
law of Indiana, and the excess of the compensation or commission over
any rate of interest permitted by the laws of Indiana shall not be
decreed or held to be usury in any court.
Free access — add to your briefcase to read the full text and ask questions with AI
Indiana § 28-14-3-20 (Compensation or commission for loan negotiation or trust execution not considered interest or usury) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
As added by P.L.262-1995, SEC.90.
Nearby Sections
15
§ 28-1-1-1
Short title§ 28-1-1-2
Application of article§ 28-1-1-3
Definitions§ 28-1-1-3.5
Affiliate relationship§ 28-1-1-3.7
"Emancipated youth"§ 28-1-1-3.9
"Foster youth"§ 28-1-1-4
"Fund"§ 28-1-1-5
References to savings associations§ 28-1-1-6
"Depository financial institution"§ 28-1-1-7
"Qualified youth"§ 28-1-11-11
Safe deposits and escrows