Indiana § 28-7-5-24 Partial payment before maturity

Indiana Statutes

§ 28-7-5-24 — Partial payment before maturity

Indiana § 28-7-5-24

Art. 7SPECIALIZED FINANCIAL INSTITUTIONS

Ch. 5Pawnbrokers

This text of Indiana § 28-7-5-24 (Partial payment before maturity) 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 § 28-7-5-24 (2026).

Text

Upon the pledger's:

(1)presentation of the pawn ticket before maturity of the underlying loan;

(2)payment of accrued interest and any authorized additional charge; and

(3)tender of not less than one dollar ($1) of the principal balance; the pawnbroker shall accept the items set forth in subdivisions (1) through (3), showing due credit of principal payment on the pawn ticket, together with the amount of unpaid principal balance, or issue a new ticket for the reduced amount. Future interest charges and any authorized additional charge shall be computed on the unpaid principal balance. Formerly: Acts 1935, c.195, s.24. As amended by P.L.159-2017, SEC.43.

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Upon the pledger's:
(1) presentation of the pawn ticket before maturity of the
underlying loan;
(2) payment of accrued interest and any authorized additional
charge; and
(3) tender of not less than one dollar ($1) of the principal balance;
the pawnbroker shall accept the items set forth in subdivisions (1)
through (3), showing due credit of principal payment on the pawn
ticket, together with the amount of unpaid principal balance, or issue
a new ticket for the reduced amount. Future interest charges and any
authorized additional charge shall be computed on the unpaid principal
balance.
Formerly: Acts 1935, c.195, s.24. As amended by P.L.159-2017,
SEC.43.