"Amount financed" means the total of the following to the extent that payment is deferred:

1. (1) The cash price of the goods, services, or interest in land less the amount of down payment whether made in cash or property.
2. (2) The amount actually paid or to be paid by the seller pursuant to an agreement with the buyer to discharge a security interest or lien on property traded in.

3. (3) If not included in the cash price:

   1. (A) any applicable sales, use, excise or documentary fees;
   2. (B) amounts actually paid or to be paid by the seller for registration, certificate of title, or license fees; and

   3. (C) additional charges permitted by IC 37-2-3-5 .

      [Pre-2026 Revision Citation: 24-4.5-2-111.]

As added by P.L.115-2026, SEC.97.