Collections
Indiana Code

Chapter 4

IC 37-2-4

Loans

0.1Application of certain amendments 1Application 2"Consumer loan"; first lien mortgage transaction not included 3"Precomputed"4Loan finance charge for consumer loans other than supervised loans; loan agreements entered into after June 30, 2020; precomputed consumer loans prohibited; nonrefundable prepaid finance charge; su 5Permitted additional charges; skip-a-payment services; expedited payment services; debt cancellation agreements; insurance; GAP agreements 6Delinquency charges; conversion of precomputed loan to loan with finance charge based on unpaid balances 7Deferral charges 8Loan financing charge on refinancing 9Loan finance charge on consolidation 10Conversion to revolving loan account 11Advances to perform covenants of debtor 12Right to prepay; prepayment penalty; total finance charge; payoff statement; liability for failure to provide; short sales; foreclosed property; no protection from deficiency judgment 13Rebate upon prepayment 14Disclosures prohibited by Consumer Credit Protection Act; exempt transactions 15Balloon payments; compliance with Alternative Mortgage Transaction Parity Act 16No assignment of earnings 17Attorney's fees 18Limitation on default charges 19Notice of assignment 20Authorization to confess judgment prohibited 21Creditor's duty to credit payment as of date of receipt; payments not conforming to requirements; creditor's failure to credit payment 22Persons also engaging in activities of a loan broker; examination by department; cooperation with securities division 23Authority to make, take assignment of, or collect consumer loans other than mortgage transactions; license required; exempt persons; branches; separate license required for small loans 24Authority to make, take assignment of, or collect subordinate lien mortgage transactions; license required; exempt persons; registration with NMLSR; licensed mortgage loan originators; applications 25Use of NMLSR in department's licensing system; reporting of information to NMLSR; confidentiality; director's authority to enter agreements; waiver of privilege; processing fee; electronic records 26Application for licenses; issuance; evidence of compliance; use of NMLSR; denial of application; right to hearing; fees; license not assignable or transferrable; tax warrant list 27National criminal history background check; fingerprints; payment of fees or costs; use of NMLSR 28Credit reports; payment of fees or costs; demonstrated financial responsibility; considerations 29Surety bond for creditors engaged in mortgage transactions; requirements; amount; termination; liability; notices 30Use of NMLSR in department's licensing system for subordinate lien mortgage transactions; reporting of information to NMLSR; confidentiality; director's authority to enter agreements; waiver of pri 31License renewal; revocation or suspension of license not renewed; reinstatement of appeal; correcting amendments 32Suspension or revocation of license; order to show cause; order of suspension or revocation; relinquishment of license; preexisting contracts; emergency order for revocation 33Record keeping; use of unique identifier on forms and documents; use of examination and regulatory software; submitting call reports to NMLSR; composite reports; notice to department of certain even 34Automated loan machines 35Loan finance charge for supervised loans; precomputed supervised loans prohibited after June 30, 2020; nonrefundable prepaid finance charge; loan paid in full by new loan from same lender 36Use of multiple agreements 37Restrictions on interest in land as security 38Regular schedule of payments; maximum loan term 39Carrying on other business 40Change in control of creditor; application to department; timeframe for department's decision; conditions for approval; creditor's duty to report transfer of securities; director's discretion to req 41Loans subject to article by agreement of parties 42Loan finance charge; licensing and annual notice to department not required 43Limitation on default charges in consumer related loans 44Loan finance charge for other loans 45Required disclosures; liability on fraudulently cashed instruments 46Requirement to provide property tax information in certain transactions