reglab/housing_qa huggingface dataset:
IN Code § 24-4.5-1-107 (2021)
2021 Indiana Code|Title 24. Trade Regulation|Article 4.5. Uniform Consumer Credit Code|Chapter 1. General Provisions and Definitions|24-4.5-1-107. Waiver; Agreement to Forego Rights; Settlement of Claims

Sec. 107. Waiver; Agreement to Forego Rights; Settlement of Claims - (1) Except as otherwise provided in this Article, a buyer, lessee, or debtor may not waive or agree to forego rights or benefits under this Article.(2) A claim by a buyer, lessee, or debtor against a creditor for an excess charge, other violation of this Article, or civil penalty, or a claim against a buyer, lessee, or debtor for default or breach of a duty imposed by this Article, if disputed in good faith, may be settled by agreement.(3) A claim, whether or not disputed against a buyer, lessee or debtor may be settled for less value than the amount claimed.(4) A settlement in which the buyer, lessee, or debtor waives or agrees to forego rights or benefits under this Article is invalid if the court as a matter of law finds the settlement to have been unconscionable at the time it was made. The competence of the buyer, lessee, or debtor, any deception or coercion practiced upon him, the nature and extent of the legal advice received by him, and the value of the consideration are relevant to the issue of unconscionability.Formerly: Acts 1971, P.L.366, SEC.2.
IN Code § 24-4.5-1-108 (2021)
2021 Indiana Code|Title 24. Trade Regulation|Article 4.5. Uniform Consumer Credit Code|Chapter 1. General Provisions and Definitions|24-4.5-1-108. Effect on Powers of Organizations

Sec. 108. (1) This article prescribes maximum charges for all creditors, except lessors and those excluded (IC 24-4.5-1-202), extending consumer credit, including consumer credit sales (IC 24-4.5-1-301.5(8)), consumer loans (IC 24-4.5-1-301.5(9)), and consumer related sales and loans (IC 24-4.5-2-602 and IC 24-4.5-3-602), and displaces existing limitations on the powers of those creditors based on maximum charges.(2) With respect to sellers of goods or services, small loan companies, licensed lenders, consumer and sales finance companies, industrial loan and investment companies, and commercial banks and trust companies, this article displaces existing limitations on their powers based solely on amount or duration of credit.(3) Except as provided in subsection (1) and IC 24-4.6-1, this article does not displace limitations on powers of credit unions, savings banks, savings or building and loan associations, or other thrift institutions whether organized for the profit of shareholders or as mutual organizations.(4) Except as provided in subsections (1) and (2), this article does not displace:(a) limitations on powers of depository institutions (IC 24-4.5-1-301.5) with respect to the amount of a loan to a single borrower, the ratio of a loan to the value of collateral, the duration of a loan that is a mortgage transaction, or other similar restrictions designed to protect deposits; or(b) limitations on powers an organization is authorized to exercise under the laws of this state or the United States.Formerly: Acts 1971, P.L.366, SEC.2; Acts 1974, P.L.115, SEC.3. As amended by P.L.14-1992, SEC.4; P.L.122-1994, SEC.3; P.L.35-2010, SEC.37.
IN Code § 24-4.5-1-109 (2021)
2021 Indiana Code|Title 24. Trade Regulation|Article 4.5. Uniform Consumer Credit Code|Chapter 1. General Provisions and Definitions|24-4.5-1-109. Persons Licensed or Authorized on October 1, 1971

Sec. 109. All persons licensed on October 1, 1971, under:(1) IC 24-5-4 (before its repeal on October 1, 1971);(2) IC 28-7-4 (before its repeal on October 1, 1971);(3) IC 28-7-2 (before its repeal on October 1, 1971); or(4) IC 28-5-1-4;are licensed to make supervised loans under this article, subject to the renewal provisions contained in this article. All provisions of this article apply to the persons previously licensed or authorized. The department may deliver evidence of licensing to the persons previously licensed or authorized.As added by P.L.5-1988, SEC.128. Amended by P.L.3-1990, SEC.85; P.L.14-1992, SEC.5; P.L.35-2010, SEC.38.(Part 2. Scope and Jurisdiction)
IN Code § 24-4.5-1-204 (2021)
2021 Indiana Code|Title 24. Trade Regulation|Article 4.5. Uniform Consumer Credit Code|Chapter 1. General Provisions and Definitions|24-4.5-1-204. Cooperation With Securities Commissioner; Individuals Also Conducting Activities of a Loan Broker

Sec. 204. In examinations or other regulatory activities conducted by the department and related to licensees under this article, the department may cooperate with the Indiana securities commissioner in the regulation of individuals who, in addition to conducting business regulated under this article, also conduct a loan broker business subject to IC 23-2.5.As added by P.L.35-2010, SEC.40. Amended by P.L.175-2019, SEC.6.(Part 3. Definitions)
IN Code § 24-4.5-1-302 (2021)
2021 Indiana Code|Title 24. Trade Regulation|Article 4.5. Uniform Consumer Credit Code|Chapter 1. General Provisions and Definitions|24-4.5-1-302. "Consumer Credit Protection Act"

Sec. 302. Consumer Credit Protection Act — In this article, "Consumer Credit Protection Act" means the Consumer Credit Protection Act (15 U.S.C. 1601 et seq.), as amended, and includes both the Truth in Lending Simplification and Reform Act amendments (Public Law 96-221, Title VI, 94 Stat. 168) and any regulations issued under those laws. However, the department may otherwise define this term by rule issued in accordance with IC 24-4.5-6-107.Formerly: Acts 1971, P.L.366, SEC.2. As amended by Acts 1982, P.L.149, SEC.2; P.L.14-1992, SEC.10; P.L.159-2017, SEC.7.
IN Code § 24-4.5-2-101 (2021)
2021 Indiana Code|Title 24. Trade Regulation|Article 4.5. Uniform Consumer Credit Code|Chapter 2. Credit Sales|24-4.5-2-101. Short Title

Sec. 101. Short Title — This Chapter shall be known and may be cited as Uniform Consumer Credit Code - Credit Sales.Formerly: Acts 1971, P.L.366, SEC.3.
IN Code § 24-4.5-2-102 (2021)
2021 Indiana Code|Title 24. Trade Regulation|Article 4.5. Uniform Consumer Credit Code|Chapter 2. Credit Sales|24-4.5-2-102. Application

Sec. 102. This chapter applies to consumer credit sales, including home solicitation sales, and consumer leases. In addition, IC 24-4.5-2-601 through IC 24-4.5-2-605 apply to consumer related sales. Licensing under IC 24-4.5-3-502.1 applies to consumer credit sales that are subordinate lien mortgage transactions.Formerly: Acts 1971, P.L.366, SEC.3. As amended by P.L.152-1986, SEC.60; P.L.35-2010, SEC.42.
IN Code § 24-4.5-2-103 (2021)
2021 Indiana Code|Title 24. Trade Regulation|Article 4.5. Uniform Consumer Credit Code|Chapter 2. Credit Sales|24-4.5-2-103. Definitions

Sec. 103. Definitions — The following definitions apply to this article and appear in this article as follows:
IN Code § 24-4.5-2-105 (2021)
2021 Indiana Code|Title 24. Trade Regulation|Article 4.5. Uniform Consumer Credit Code|Chapter 2. Credit Sales|24-4.5-2-105. "Goods"; "Merchandise Certificate"; "Services"; "Sale of Goods"; "Sale of Services"; "Sale of an Interest in Land"; "Precomputed"

Sec. 105. Definitions: "Goods"; "Merchandise Certificate"; "Services"; "Sale of Goods"; "Sale of Services"; "Sale of an Interest in Land"; "Precomputed".(1) "Goods" includes goods not in existence at the time the transaction is entered into and merchandise certificates, but excludes money, chattel paper, documents of title, and instruments.(2) "Merchandise certificate" means a writing issued by a seller not redeemable in cash and usable in its face amount in lieu of cash in exchange for goods or services.(3) "Services" includes (a) work, labor, and other personal services, (b) privileges with respect to transportation, hotel and restaurant accommodations, education, entertainment, recreation, physical culture, hospital accommodations, funerals, cemetery accommodations, and the like, and (c) insurance provided by a person other than the insurer.(4) "Sale of goods" includes any agreement in the form of a bailment or lease of goods if the bailee or lessee agrees to pay as compensation for use a sum substantially equivalent to or in excess of the aggregate value of the goods involved and it is agreed that the bailee or lessee will become, or for no other or a nominal consideration has the option to become, the owner of the goods upon full compliance with his obligations under the agreement.(5) "Sale of services" means furnishing or agreeing to furnish services and includes making arrangements to have services furnished by another.(6) "Sale of an interest in land" includes a lease in which the lessee has an option to purchase the interest and all or a substantial part of the rental or other payments previously made by him are applied to the purchase price.(7) A sale, refinancing, or consolidation is "precomputed" if the debt is expressed as a sum comprising the amount financed and the amount of the credit service charge computed in advance.Formerly: Acts 1971, P.L.366, SEC.3.
IN Code § 24-4.5-2-106 (2021)
2021 Indiana Code|Title 24. Trade Regulation|Article 4.5. Uniform Consumer Credit Code|Chapter 2. Credit Sales|24-4.5-2-106. "Consumer Lease"

Sec. 106. (1) "Consumer lease" means a lease of goods:(a) which a lessor regularly engaged in the business of leasing makes to a person, other than an organization, who takes under the lease primarily for a personal, family, or household purpose;(b) in which the amount payable under the lease does not exceed the exempt threshold amount, as adjusted in accordance with the annual adjustment of the exempt threshold amount, specified in Regulation Z (12 CFR 226.3 or 12 CFR 1026.3(b), as applicable); and(c) which is for a term exceeding four (4) months.(2) "Consumer lease" does not include a lease made pursuant to a lender credit card or similar arrangement.Formerly: Acts 1971, P.L.366, SEC.3. As amended by P.L.247-1983, SEC.3; P.L.122-1994, SEC.9; P.L.216-2013, SEC.8; P.L.137-2014, SEC.7; P.L.73-2016, SEC.6.
IN Code § 24-4.5-2-107 (2021)
2021 Indiana Code|Title 24. Trade Regulation|Article 4.5. Uniform Consumer Credit Code|Chapter 2. Credit Sales|24-4.5-2-107. "Seller"

Sec. 107. Definition; "Seller" - Except as otherwise provided, "seller" means a person regularly engaged as a creditor in making consumer credit sales. The term includes an assignee of the seller's right to payment but use of the term does not in itself impose on an assignee any obligation of the seller with respect to events occurring before the assignment.Formerly: Acts 1971, P.L.366, SEC.3. As amended by P.L.145-2008, SEC.22.
IN Code § 24-4.5-2-108 (2021)
2021 Indiana Code|Title 24. Trade Regulation|Article 4.5. Uniform Consumer Credit Code|Chapter 2. Credit Sales|24-4.5-2-108. "Revolving Charge Account"

Sec. 108. Definition: "Revolving Charge Account" — "Revolving charge account" means an arrangement between a seller and a buyer pursuant to which:(1) the seller may permit the buyer to purchase goods or services on credit either from the seller or pursuant to a seller credit card;(2) the unpaid balances of amounts financed arising from purchases and the credit service and other appropriate charges are debited to an account;(3) a credit service charge if made is not precomputed but is computed on the outstanding unpaid balances of the buyer's account from time to time; and(4) the buyer has the privilege of paying the balances in installments.Formerly: Acts 1971, P.L.366, SEC.3. As amended by P.L.137-2021, SEC.4.
IN Code § 24-4.5-2-109 (2021)
2021 Indiana Code|Title 24. Trade Regulation|Article 4.5. Uniform Consumer Credit Code|Chapter 2. Credit Sales|24-4.5-2-109. "Credit Service Charge"

Sec. 109. "Credit service charge" means the sum of:(1) all charges payable directly or indirectly by the buyer and imposed directly or indirectly by the seller as an incident to the extension of credit, including any of the following types of charges which are applicable: time price differential, service, carrying or other charge, however denominated, premium or other charge for any guarantee or insurance protecting the seller against the buyer's default or other credit loss; and(2) charges incurred for investigating the collateral or credit-worthiness of the buyer.The term does not include charges as a result of default, additional charges (IC 24-4.5-2-202), delinquency charges (IC 24-4.5-2-203.5), or deferral charges (IC 24-4.5-2-204). The term does not include charges paid or payable to a third party that are not required by the seller as a condition or incident to the extension of credit except for borrower paid mortgage broker fees, including fees paid directly to the broker or the seller (for delivery to the broker), whether the fees are paid in cash or financed. However, borrower paid mortgage broker fees do not include fees paid to a mortgage broker by a creditor, including yield spread premiums and service release fees.Formerly: Acts 1971, P.L.366, SEC.3. As amended by P.L.247-1983, SEC.4; P.L.14-1992, SEC.13; P.L.2-1995, SEC.90; P.L.172-1997, SEC.3.
IN Code § 24-4.5-2-110 (2021)
2021 Indiana Code|Title 24. Trade Regulation|Article 4.5. Uniform Consumer Credit Code|Chapter 2. Credit Sales|24-4.5-2-110. "Cash Price"

Sec. 110. Definition: "Cash Price" — Except as the department may prescribe by rule, the "cash price" of goods, services, or an interest in land means the price at which the goods, services, or interest in land are offered for sale by the seller to cash buyers in the ordinary course of business, and may include (1) applicable sales, use, and excise and documentary fees, (2) the cash price of accessories or related services such as delivery, installation, servicing, repairs, alterations, service contracts, and improvements, and (3) amounts actually paid or to be paid by the seller for registration, certificate of title, or license fees. The cash price stated by the seller to the buyer pursuant to the provisions on disclosure (Part 3) of this Chapter is presumed to be the cash price.Formerly: Acts 1971, P.L.366, SEC.3. As amended by P.L.14-1992, SEC.14; P.L.122-1994, SEC.10.
IN Code § 24-4.5-2-111 (2021)
2021 Indiana Code|Title 24. Trade Regulation|Article 4.5. Uniform Consumer Credit Code|Chapter 2. Credit Sales|24-4.5-2-111. "Amount Financed"

Sec. 111. Definition: "Amount Financed" — "Amount financed" means the total of the following to the extent that payment is deferred:(1) the cash price of the goods, services, or interest in land less the amount of down payment whether made in cash or property;(2) the amount actually paid or to be paid by the seller pursuant to an agreement with the buyer to discharge a security interest or lien on property traded in; and(3) if not included in the cash price:(a) any applicable sales, use, excise or documentary fees;(b) amounts actually paid or to be paid by the seller for registration, certificate of title, or license fees; and(c) additional charges permitted by this Chapter (IC 24-4.5-2-202).Formerly: Acts 1971, P.L.366, SEC.3. As amended by P.L.122-1994, SEC.11.(Part 2. Maximum Charges)
IN Code § 24-4.5-2-204 (2021)
2021 Indiana Code|Title 24. Trade Regulation|Article 4.5. Uniform Consumer Credit Code|Chapter 2. Credit Sales|24-4.5-2-204. Deferral Charges

Sec. 204. Deferral Charges — (1) This section applies only to a consumer credit sale, refinancing, or consolidation, that is entered into before July 1, 2020. With respect to a precomputed consumer credit sale, refinancing, or consolidation, the parties before or after default may agree in writing to a deferral of all or part of one (1) or more unpaid installments, and the seller may make and collect a charge not exceeding the lesser of thirty-six percent (36%) per year or the rate previously stated to the buyer pursuant to the provisions on disclosure (Part 3) applied to the amount or amounts deferred for the period of deferral calculated without regard to differences in lengths of months, but proportionately for a part of a month, counting each day as one-thirtieth (1/30) of a month. A deferral charge may be collected at the time it is assessed or at any time thereafter.(2) The seller, in addition to the deferral charge, may make appropriate additional charges (IC 24-4.5-2-202), and the amount of these charges which is not paid in cash may be added to the amount deferred for the purpose of calculating the deferral charge.(3) The parties may agree in writing at the time of a precomputed consumer credit sale, refinancing, or consolidation that if an installment is not paid within ten (10) days after its due date, the seller may unilaterally grant a deferral and make charges as provided in this section. No deferral charge may be made for a period after the date that the seller elects to accelerate the maturity of the agreement.(4) A delinquency charge made by the seller on an installment may not be retained if a deferral charge is made pursuant to this section with respect to the period of delinquency.Formerly: Acts 1971, P.L.366, SEC.3. As amended by P.L.186-2015, SEC.12; P.L.85-2020, SEC.3.
IN Code § 24-4.5-2-205 (2021)
2021 Indiana Code|Title 24. Trade Regulation|Article 4.5. Uniform Consumer Credit Code|Chapter 2. Credit Sales|24-4.5-2-205. Credit Service Charge on Refinancing

Sec. 205. Credit Service Charge on Refinancing — With respect to a consumer credit sale, refinancing, or consolidation, the seller may by agreement with the buyer refinance the unpaid balance and may contract for and receive a credit service charge based on the amount financed resulting from the refinancing at a rate not exceeding that permitted by the provisions on credit service charge for consumer credit sales (IC 24-4.5-2-201). For the purpose of determining the credit service charge permitted, the amount financed resulting from the refinancing comprises the following:(a) If:(i) the transaction was not precomputed, the total of the unpaid balance and accrued charges on the date of refinancing; or(ii) the transaction was precomputed, in the case of a transaction entered into before July 1, 2020, the amount which the buyer would have been required to pay upon prepayment pursuant to the provisions on rebate upon prepayment (IC 24-4.5-2-210) on the date of refinancing.(b) Appropriate additional charges (IC 24-4.5-2-202), payment of which is deferred.Formerly: Acts 1971, P.L.366, SEC.3. As amended by P.L.14-1992, SEC.17; P.L.85-2020, SEC.4.
IN Code § 24-4.5-2-206 (2021)
2021 Indiana Code|Title 24. Trade Regulation|Article 4.5. Uniform Consumer Credit Code|Chapter 2. Credit Sales|24-4.5-2-206. Credit Service Charge on Consolidation

Sec. 206. Credit Service Charge on Consolidation — If a buyer owes an unpaid balance to a seller with respect to a consumer credit sale, refinancing, or consolidation, and becomes obligated on another consumer credit sale, refinancing, or consolidation with the same seller, the parties may agree to a consolidation resulting in a single schedule of payments pursuant to either of the following subsections:(1) The parties may agree to refinance the unpaid balance with respect to the previous sale pursuant to the provisions on refinancing (24-4.5-2-205) and to consolidate the amount financed resulting from the refinancing by adding it to the amount financed with respect to the subsequent sale. The seller may contract for and receive a credit service charge based on the aggregate amount financed resulting from the consolidation at a rate not exceeding that permitted by the provisions on credit service charge for consumer credit sales (24-4.5-2-201).(2) The parties may agree to consolidate by adding together the unpaid balances with respect to the two sales.Formerly: Acts 1971, P.L.366, SEC.3.
IN Code § 24-4.5-2-208 (2021)
2021 Indiana Code|Title 24. Trade Regulation|Article 4.5. Uniform Consumer Credit Code|Chapter 2. Credit Sales|24-4.5-2-208. Advances to Perform Covenants of Buyer

Sec. 208. Advances to Perform Covenants of Buyer — (1) If the agreement with respect to a consumer credit sale, refinancing, or consolidation contains covenants by the buyer to perform certain duties pertaining to insuring or preserving collateral and the seller pursuant to the agreement pays for performance of the duties on behalf of the buyer, the seller may add the amounts paid to the debt. Within a reasonable time after advancing any sums, the seller shall state to the buyer in writing the amount of the sums advanced, any charges with respect to this amount, and any revised payment schedule and, if the duties of the buyer performed by the seller pertain to insurance, a brief description of the insurance paid for by the seller including the type and amount of coverages. No further information need be given.(2) A credit service charge may be made for sums advanced pursuant to subsection (1) at a rate not exceeding the rate stated to the buyer pursuant to the provisions on disclosure (Part 3) with respect to the sale, refinancing or consolidation, except that with respect to a revolving charge account the amount of the advance may be added to the unpaid balance of the account and the seller may make a credit service charge not exceeding that permitted by the provisions on credit service charge for revolving charge accounts (IC 24-4.5-2-201(6)).Formerly: Acts 1971, P.L.366, SEC.3. As amended by P.L.85-2020, SEC.6.
IN Code § 24-4.5-2-301 (2021)
2021 Indiana Code|Title 24. Trade Regulation|Article 4.5. Uniform Consumer Credit Code|Chapter 2. Credit Sales|24-4.5-2-301. Disclosures Required by Consumer Credit Protection Act; Exempt Transactions

Sec. 301. (1) For purposes of this section, "consumer credit sale" includes a sale that is a sale of an interest in land and that is a first lien mortgage transaction if the sale is otherwise a consumer credit sale (IC 24-4.5-1-301.5(8)).(2) The seller shall disclose to the buyer to whom credit is extended with respect to a consumer credit sale, and the lessor shall disclose to the lessee with respect to a consumer lease, the information required by the Consumer Credit Protection Act (15 U.S.C. 1601 et seq.).(3) For purposes of subsection (2), disclosures shall not be required on a consumer credit sale if the transaction is exempt from the Consumer Credit Protection Act (15 U.S.C. 1601 et seq.).Formerly: Acts 1971, P.L.366, SEC.3. As amended by Acts 1981, P.L.218, SEC.4; P.L.247-1983, SEC.7; P.L.45-1995, SEC.6; P.L.35-2010, SEC.45; P.L.159-2017, SEC.9.
IN Code § 24-4.5-2-401 (2021)
2021 Indiana Code|Title 24. Trade Regulation|Article 4.5. Uniform Consumer Credit Code|Chapter 2. Credit Sales|24-4.5-2-401. Scope

Sec. 401. Scope — This Part applies to consumer credit sales and consumer leases.Formerly: Acts 1971, P.L.366, SEC.3.
IN Code § 24-4.5-2-402 (2021)
2021 Indiana Code|Title 24. Trade Regulation|Article 4.5. Uniform Consumer Credit Code|Chapter 2. Credit Sales|24-4.5-2-402. Use of Multiple Agreements

Sec. 402. Use of Multiple Agreements — A seller may not use multiple agreements with intent to obtain a higher credit service charge than would otherwise be permitted by this Article or to avoid disclosure of an annual percentage rate pursuant to the provisions on disclosure and advertising (Part 3). The excess amount of credit service charge provided for in agreements in violation of this section is an excess charge for the purposes of the provisions on the effect of violations on rights of parties (IC 24-4.5-5-202) and the provisions on civil actions by the department (IC 24-4.5-6-113).Formerly: Acts 1971, P.L.366, SEC.3. As amended by P.L.14-1992, SEC.19.