Ind. Code § 37-2-4-18

Limitation on default charges

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

Except for reasonable expenses incurred in realizing on a security interest, the agreement with respect to a consumer loan may not provide for charges as a result of default by the debtor other than those authorized by this article. A provision in violation of this section is unenforceable.

[Pre-2026 Revision Citation: 24-4.5-3-405.]

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

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