Indiana § 35-45-7-2 Loansharking

Indiana Statutes

§ 35-45-7-2 — Loansharking

Indiana·Art. 45 OFFENSES AGAINST PUBLIC HEALTH, ORDER,·Ch. 7 Loansharking

A person who, in exchange for the loan of any
property, knowingly or intentionally receives or contracts to receive
from another person any consideration, at a rate greater than two (2)
times the rate specified in IC 24-4.5-3-508(2)(a)(i), commits
loansharking, a Level 6 felony. However, loansharking is a Level 5
felony if force or the threat of force is used to collect or to attempt to
collect any of the property loaned or any of the consideration for the
loan.
As added by Acts 1980, P.L.207, SEC.1. Amended by
P.L.158-2013, SEC.536.

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A person who, in exchange for the loan of any
property, knowingly or intentionally receives or contracts to receive
from another person any consideration, at a rate greater than two (2)
times the rate specified in IC 24-4.5-3-508(2)(a)(i), commits
loansharking, a Level 6 felony. However, loansharking is a Level 5
felony if force or the threat of force is used to collect or to attempt to
collect any of the property loaned or any of the consideration for the
loan.
As added by Acts 1980, P.L.207, SEC.1. Amended by
P.L.158-2013, SEC.536.

Indiana § 35-45-7-2 (Loansharking) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.