1. (a) A lender who knowingly makes charges in excess of those permitted by the provisions of this article commits a Class A misdemeanor.
2. (b) A person who knowingly engages in the business of making consumer loans without a license in violation of the provisions of this article applying to authority to make consumer loans ( IC 37-2-4-23 and IC 37-2-4-24 ) commits a Class A misdemeanor.

3. (c) A person who knowingly:

   1. (1) engages in the business of making consumer credit sales, consumer leases, or consumer loans, or of taking assignments of rights against debtors; and

   2. (2) undertakes direct collection of payments or enforcement of these rights, without complying with the provisions of this article concerning notification ( IC 37-2-7-25 ) or payment of fees ( IC 37-2-7-26 );

      commits a Class A infraction.

      [Pre-2026 Revision Citation: 24-4.5-5-301.]

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