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2024 Indiana Code
Title 24. Trade Regulation
Article 4.5. Uniform Consumer Credit Code
Chapter 3. Loans
24-4.5-3-501. Definitions; "Supervised Loan"; "Supervised Lender"
Universal Citation:
IN Code § 24-4.5-3-501 (2024)
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Sec. 501. Definitions:
(1) "Supervised loan" means a consumer loan in which the rate of the loan finance charge exceeds twenty-five percent (25%) per year as determined according to the provisions on loan finance charge for consumer loans in section 201 of this chapter.
(2) "Supervised lender" means a person authorized to make or take assignments of supervised loans.
Formerly: Acts 1971, P.L.366, SEC.4. As amended by Acts 1982, P.L.150, SEC.4; P.L.122-1994, SEC.23; P.L.91-2013, SEC.3.
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