Ind. Code § 37-3-2-9
"Renewal"
As added by P.L.115-2026, SEC.97.
"Renewal" refers to a small loan that takes the place of an existing small loan by:
- (1) renewing;
- (2) repaying;
- (3) refinancing; or
(4) consolidating;
a small loan with the proceeds of another small loan made to the same borrower by a lender.
[Pre-2026 Revision Citation: 24-4.5-7-107.]
As added by P.L.115-2026, SEC.97.