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.