Indiana § 4-22-2.3-6 Department of financial institutions' interim rules

Indiana Statutes

§ 4-22-2.3-6 — Department of financial institutions' interim rules

Indiana § 4-22-2.3-6

Art. 22ADMINISTRATIVE RULES AND PROCEDURES

Ch. 2.3Transitional Provisions; Exceptions to Rulemaking

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Bluebook

Ind. Code § 4-22-2.3-6 (2026).

Text

The following apply to the department of financial institutions:

(1)The department of financial institutions shall adopt rules under the interim rule procedures in IC 4-22-2-37.2 announcing:

(A)sixty (60) days before January 1 of each odd-numbered year in which dollar amounts under IC 24-4.5 (Uniform Consumer Credit Code) are to change, the changes in dollar amounts required by IC 24-4.5-1-106(2);

(B)promptly after the changes occur, changes in the Index required by IC 24-4.5-1-106(3), including, when applicable, the numerical equivalent of the Reference Base Index under a revised Reference Base Index and the designation or title of any index superseding the Index;

(C)the adjustments required under IC 24-9-2-8 concerning high cost home loans; and

(D)the adjustments required under IC 3

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The following apply to the department of
financial institutions:
(1) The department of financial institutions shall adopt rules
under the interim rule procedures in IC 4-22-2-37.2 announcing:
(A) sixty (60) days before January 1 of each odd-numbered year
in which dollar amounts under IC 24-4.5 (Uniform Consumer
Credit Code) are to change, the changes in dollar amounts
required by IC 24-4.5-1-106(2);
(B) promptly after the changes occur, changes in the Index
required by IC 24-4.5-1-106(3), including, when applicable, the
numerical equivalent of the Reference Base Index under a
revised Reference Base Index and the designation or title of any
index superseding the Index;
(C) the adjustments required under IC 24-9-2-8 concerning high
cost home loans; and
(D) the adjustments required under IC 34-55-10-2 (bankruptcy
exemptions; limitations) or IC 34-55-10-2.5.
A rule described in this subdivision expires not later than January
of the next odd-numbered year after the department of financial
institutions is required to issue the rule.
(2) The department of financial institutions may adopt a rule
under the interim rule procedures in IC 4-22-2-37.2 for a rule
permitted under IC 24-4.4-1-101 (licensing system for creditors
and mortgage loan originators) or IC 24-4.5 (Uniform Consumer
Credit Code) if the department of financial institutions declares
an emergency. A rule described in this subdivision expires not
later than two (2) years after the rule is effective.
(3) The department of financial institutions may adopt a rule
described in IC 34-55-10-2 (bankruptcy exemptions; limitations)
or IC 34-55-10-2.5 in conformity with the procedures in IC 4-22-2-23 through IC 4-22-2-36 or the interim rule procedures in
IC 4-22-2-37.2. A rule described in this subdivision adopted
under IC 4-22-2-37.2 expires not later than two (2) years after the
rule is accepted for filing by the publisher of the Indiana Register.
A rule described in this section may be continued in another interim
rule only if the governor determines under IC 4-22-2-37.2(c) that the
policy options available to the agency are so limited that use of the
additional notice, comment, and review procedures in IC 4-22-2-23
through IC 4-22-2-36 would provide no benefit to persons regulated or
otherwise affected by the rule.