reglab/housing_qa huggingface dataset:
IN Code § 24-4.5-6-202 (2021)
2021 Indiana Code|Title 24. Trade Regulation|Article 4.5. Uniform Consumer Credit Code|Chapter 6. Administration|24-4.5-6-202. Notification

Sec. 202. (1) Persons that are subject to this section and sections 201 and 203 of this chapter shall file notification with the department within thirty (30) days after commencing business in Indiana and thereafter on an annual basis, on the date set forth in subsection (2). The notification shall state the:(a) name of the person;(b) name in which business is transacted if different from subdivision (a);(c) address of principal office, which may be outside Indiana; and(d) address of all offices or retail stores, if any, in Indiana at which consumer credit sales, consumer leases, or consumer loans are made, or in the case of a person taking assignments of obligations, the offices or places of business within Indiana at which business is transacted.(2) A person required to be licensed under this article shall file the notification required by subsection (1) not later than December 31 of each year. All other persons subject to this section shall file the notification required by subsection (1) not later than January 31 of each year.(3) Persons subject to sections 201 and 203 of this chapter and this section shall notify the department not later than thirty (30) days after the person:(a) has a change in name, address, or principals;(b) opens a new branch, closes an existing branch, or relocates an existing branch;(c) files for bankruptcy or reorganization;(d) is notified that the person is subject to revocation or suspension proceedings by a state or governmental authority with regard to the person's activities; or(e) has been convicted of a felony involving fraud, deceit, or misrepresentation under the laws of Indiana or any other jurisdiction.Formerly: Acts 1971, P.L.366, SEC.7. As amended by P.L.152-1986, SEC.73; P.L.14-1992, SEC.60; P.L.122-1994, SEC.37; P.L.63-2001, SEC.4 and P.L.134-2001, SEC.4; P.L.213-2007, SEC.18; P.L.217-2007, SEC.17; P.L.35-2010, SEC.81; P.L.27-2012, SEC.28.
IN Code § 24-4.5-6-203 (2021)
2021 Indiana Code|Title 24. Trade Regulation|Article 4.5. Uniform Consumer Credit Code|Chapter 6. Administration|24-4.5-6-203. Fees

Sec. 203. (1) Persons required to file notification who are sellers, lessors, or lenders shall pay a fee in an amount and at intervals to be prescribed by the director under IC 28-11-3-5. The fee shall be a set amount for each one hundred thousand dollars ($100,000), or part thereof, in excess of one hundred thousand dollars ($100,000), of the original unpaid balances arising from consumer credit sales, consumer leases, and consumer loans made in Indiana and held either by the seller, lessor, or lender for more than thirty (30) days after the inception of the sale, lease, or loan giving rise to the obligations, or by an assignee who has not filed notification. A refinancing of a sale, lease, or loan resulting in an increase in the amount of an obligation is a new sale, lease, or loan to the extent of the increase. In prescribing the fee, the department shall consider the costs and expense incurred or estimated to be incurred by the department in the administration of this article, including, but not limited to, the supervision, regulation, and examination of persons subject to the provisions of the article.(2) Persons required to file notification who are assignees shall pay a fee as prescribed and fixed by the department under subsection (1) on the unpaid balances at the time of the assignment of obligations arising from consumer credit sales, consumer leases, and consumer loans made in Indiana taken by assignment during the preceding calendar year, but an assignee need not pay a fee with respect to an obligation on which the assignor or other person has already paid a fee.(3) Persons required to file notification who are assignors shall pay a fee as prescribed by the department under subsection (1) on the unpaid balances at the time of the assignment of obligations arising from consumer credit sales, consumer leases, and consumer loans made in Indiana during the preceding calendar year unless the assignee has already paid the fees.(4) Persons required to renew a license under IC 24-4.5-3-503.6 may deduct the fees paid under IC 24-4.5-3-503(8)(b) and IC 24-4.5-3-503(8)(c), as applicable, from fees paid under this section.(5) A person that is required to file notification under IC 24-4.5-6-202 shall pay a fee at the same rate as prescribed and fixed by the department under subsection (1) on the original unpaid balances of all closed end credit obligations originating from the person's place of business during the time preceding the notification as specified under subsection (1), unless the fees for the obligations have been paid by another person.Formerly: Acts 1971, P.L.366, SEC.7. As amended by Acts 1977, P.L.269, SEC.1; P.L.247-1983, SEC.23; P.L.14-1992, SEC.61; P.L.122-1994, SEC.38; P.L.213-2007, SEC.19; P.L.217-2007, SEC.18; P.L.90-2008, SEC.13; P.L.27-2012, SEC.29.
IN Code § 24-4.5-6-204 (2021)
2021 Indiana Code|Title 24. Trade Regulation|Article 4.5. Uniform Consumer Credit Code|Chapter 6. Administration|24-4.5-6-204. Nonapplicability of Licensing and Notification Requirements to Attorneys' Services

Sec. 204. IC 24-4.5-3-502, IC 24-4.5-6-201, IC 24-4.5-6-202, and IC 24-4.5-6-203 are not applicable to services performed by attorneys.As added by P.L.153-1986, SEC.3. Amended by P.L.213-2007, SEC.20; P.L.217-2007, SEC.19.
IN Code § 24-4.5-7-101 (2021)
2021 Indiana Code|Title 24. Trade Regulation|Article 4.5. Uniform Consumer Credit Code|Chapter 7. Small Loans|24-4.5-7-101. Citation

Sec. 101. This chapter shall be known and may be cited as Uniform Consumer Credit Code — Small Loans.As added by P.L.38-2002, SEC.1.
IN Code § 24-4.5-7-103 (2021)
2021 Indiana Code|Title 24. Trade Regulation|Article 4.5. Uniform Consumer Credit Code|Chapter 7. Small Loans|24-4.5-7-103. Definitions

Sec. 103. The following definitions apply to this chapter:
IN Code § 24-4.5-7-104 (2021)
2021 Indiana Code|Title 24. Trade Regulation|Article 4.5. Uniform Consumer Credit Code|Chapter 7. Small Loans|24-4.5-7-104. Small Loan

Sec. 104. (1) "Small loan" means a loan:(a) with a principal loan amount that is at least fifty dollars ($50) and not more than five hundred fifty dollars ($550); and(b) in which the lender holds the borrower's check for a specific period, or receives the borrower's written authorization to debit the borrower's account (other than as a result of default) under an agreement, either express or implied, for a specific period, before the lender:(i) offers the check for deposit or presentment; or(ii) exercises the authorization to debit the borrower's account.(2) The amount of five hundred fifty dollars ($550) in subsection (1)(a) is subject to change under the provisions on adjustment of dollar amounts (IC 24-4.5-1-106). However, notwithstanding IC 24-4.5-1-106(1), the Reference Base Index to be used under this subsection is the Index for October 2006.As added by P.L.38-2002, SEC.1. Amended by P.L.73-2004, SEC.17; P.L.213-2007, SEC.22; P.L.217-2007, SEC.21; P.L.216-2013, SEC.13.
IN Code § 24-4.5-7-105 (2021)
2021 Indiana Code|Title 24. Trade Regulation|Article 4.5. Uniform Consumer Credit Code|Chapter 7. Small Loans|24-4.5-7-105. Principal

Sec. 105. "Principal" means the total of:(a) the net amount paid to, receivable by, or paid or payable from the account of the borrower; and(b) to the extent that the payment is deferred, the additional charges permitted by this chapter that are not included in subdivision (a).As added by P.L.38-2002, SEC.1. Amended by P.L.73-2004, SEC.18.
IN Code § 24-4.5-7-106 (2021)
2021 Indiana Code|Title 24. Trade Regulation|Article 4.5. Uniform Consumer Credit Code|Chapter 7. Small Loans|24-4.5-7-106. Check

Sec. 106. For purposes of this chapter, "check" has the meaning set forth in IC 26-1-3.1-104.As added by P.L.38-2002, SEC.1.
IN Code § 24-4.5-7-107 (2021)
2021 Indiana Code|Title 24. Trade Regulation|Article 4.5. Uniform Consumer Credit Code|Chapter 7. Small Loans|24-4.5-7-107. Renewal

Sec. 107. "Renewal" refers to a small loan that takes the place of an existing small loan by:(a) renewing;(b) repaying;(c) refinancing; or(d) consolidating;a small loan with the proceeds of another small loan made to the same borrower by a lender.As added by P.L.38-2002, SEC.1. Amended by P.L.73-2004, SEC.19.
IN Code § 24-4.5-7-108 (2021)
2021 Indiana Code|Title 24. Trade Regulation|Article 4.5. Uniform Consumer Credit Code|Chapter 7. Small Loans|24-4.5-7-108. Consecutive Small Loan

Sec. 108. "Consecutive small loan" means a new small loan agreement that the lender enters with the same borrower not later than seven (7) calendar days after a previous small loan made to that borrower is paid in full.As added by P.L.38-2002, SEC.1. Amended by P.L.73-2004, SEC.20.
IN Code § 24-4.5-7-109 (2021)
2021 Indiana Code|Title 24. Trade Regulation|Article 4.5. Uniform Consumer Credit Code|Chapter 7. Small Loans|24-4.5-7-109. Paid in Full

Sec. 109. "Paid in full" means the termination of a small loan through:(1) the presentment of the borrower's check for payment by the drawee bank or the exercise by the lender of an authorization to debit an account of the borrower; or(2) the return of a check to a borrower who redeems it for consideration.As added by P.L.38-2002, SEC.1. Amended by P.L.73-2004, SEC.21; P.L.10-2006, SEC.13 and P.L.57-2006, SEC.13.
IN Code § 24-4.5-7-110 (2021)
2021 Indiana Code|Title 24. Trade Regulation|Article 4.5. Uniform Consumer Credit Code|Chapter 7. Small Loans|24-4.5-7-110. Monthly Gross Income

Sec. 110. "Monthly gross income" means the income received by the borrower in the thirty (30) day period preceding the borrower's application for a small loan under this chapter and exclusive of any income other than regular gross pay received, or as otherwise determined by the department.As added by P.L.38-2002, SEC.1. Amended by P.L.73-2004, SEC.22.
IN Code § 24-4.5-7-111 (2021)
2021 Indiana Code|Title 24. Trade Regulation|Article 4.5. Uniform Consumer Credit Code|Chapter 7. Small Loans|24-4.5-7-111. Lender

Sec. 111. "Lender" means a person that acquires and retains a license issued by the department of financial institutions under this chapter to engage in small loans.As added by P.L.10-2006, SEC.14 and P.L.57-2006, SEC.14. Amended by P.L.186-2015, SEC.24.
IN Code § 24-4.5-7-112 (2021)
2021 Indiana Code|Title 24. Trade Regulation|Article 4.5. Uniform Consumer Credit Code|Chapter 7. Small Loans|24-4.5-7-112. Lender Not Considered a Financial Institution

Sec. 112. A lender is not considered a financial institution, except for purposes of IC 28-1.As added by P.L.10-2006, SEC.15 and P.L.57-2006, SEC.15.
IN Code § 24-4.5-7-201 (2021)
2021 Indiana Code|Title 24. Trade Regulation|Article 4.5. Uniform Consumer Credit Code|Chapter 7. Small Loans|24-4.5-7-201. Finance Charges

Sec. 201. (1) Finance charges on the first two hundred fifty dollars ($250) of a small loan are limited to fifteen percent (15%) of the principal.(2) Finance charges on the amount of a small loan greater than two hundred fifty dollars ($250) and less than or equal to four hundred dollars ($400) are limited to thirteen percent (13%) of the amount over two hundred fifty dollars ($250) and less than or equal to four hundred dollars ($400).(3) Finance charges on the amount of the small loan greater than four hundred dollars ($400) and less than or equal to five hundred fifty dollars ($550) are limited to ten percent (10%) of the amount over four hundred dollars ($400) and less than or equal to five hundred fifty dollars ($550).(4) The amount of five hundred fifty dollars ($550) in subsection (3) is subject to change under the provisions on adjustment of dollar amounts (IC 24-4.5-1-106). However, notwithstanding IC 24-4.5-1-106(1), the Reference Base Index to be used under this subsection is the Index for October 2006.As added by P.L.38-2002, SEC.1. Amended by P.L.73-2004, SEC.23; P.L.141-2005, SEC.3; P.L.213-2007, SEC.23; P.L.217-2007, SEC.22.
IN Code § 24-4.5-7-202 (2021)
2021 Indiana Code|Title 24. Trade Regulation|Article 4.5. Uniform Consumer Credit Code|Chapter 7. Small Loans|24-4.5-7-202. Fee for Dishonored Check, Electronic Funds Transfer, or Debit Authorization; Limits on Lender's Presentment of Check or Debiting of Account

Sec. 202. (1) Notwithstanding any other law, the only fee that may be contracted for and received by the lender or an assignee on a small loan is a charge, not to exceed twenty-five dollars ($25), for each:(a) return by a bank or other depository institution of a dishonored:(i) check;(ii) electronic funds transfer;(iii) negotiable order of withdrawal; or(iv) share draft;issued by the borrower; or(b) time an authorization to debit the borrower's account is dishonored.This additional charge may be assessed one (1) time regardless of how many times a check or an authorization to debit the borrower's account may be submitted by the lender and dishonored.(2) A lender may:(a) present a borrower's check for payment; or(b) exercise a borrower's authorization to debit the borrower's account;not more than three (3) times.As added by P.L.38-2002, SEC.1. Amended by P.L.73-2004, SEC.24; P.L.213-2007, SEC.24; P.L.217-2007, SEC.23; P.L.90-2008, SEC.14; P.L.60-2016, SEC.4; P.L.69-2018, SEC.26.
IN Code § 24-4.5-7-301 (2021)
2021 Indiana Code|Title 24. Trade Regulation|Article 4.5. Uniform Consumer Credit Code|Chapter 7. Small Loans|24-4.5-7-301. Disclosures; Informational Brochure

Sec. 301. (1) For purposes of this section, the lender shall disclose to the borrower to whom credit is extended with respect to a small loan the information required by the Consumer Credit Protection Act (15 U.S.C. 1601 et seq.).(2) In addition to the requirements of subsection (1), the lender must conspicuously display in bold type a notice to the public both in the lending area of each business location and in the loan documents the following statement:"WARNING: A small loan is not intended to meet long term financial needs. A small loan should be used only to meet short term cash needs. The cost of your small loan may be higher than loans offered by other lending institutions. Small loans are regulated by the State of Indiana Department of Financial Institutions.A borrower may rescind a small loan without cost by paying the cash amount of the principal of the small loan to the lender not later than the end of the business day immediately following the day on which the borrower receives the loan proceeds.".(3) The statement required in subsection (2) must be in:(a) 14 point bold face type in the loan documents; and(b) not less than one (1) inch bold print in the lending area of the business location.(4) When a borrower enters into a small loan, the lender shall provide the borrower with a pamphlet approved by the department that describes:(a) the availability of debt management and credit counseling services; and(b) the borrower's rights and responsibilities in the transaction.As added by P.L.38-2002, SEC.1. Amended by P.L.73-2004, SEC.25; P.L.35-2010, SEC.83; P.L.159-2017, SEC.18; P.L.69-2018, SEC.27.
IN Code § 24-4.5-7-401 (2021)
2021 Indiana Code|Title 24. Trade Regulation|Article 4.5. Uniform Consumer Credit Code|Chapter 7. Small Loans|24-4.5-7-401. Term of Loan; Consecutive Small Loans; Extended Payment Plans

Sec. 401. (1) A small loan may not be made for a term of less than fourteen (14) days.(2) If five (5) consecutive small loans have been made to a borrower after the borrower's initial small loan, another small loan may not be made to that borrower within seven (7) days after the fifth consecutive small loan is paid in full. After the borrower's fifth consecutive small loan, the balance must be paid in full.(3) Subject to subsection (4), whenever a borrower has entered into an initial small loan followed by three (3) consecutive small loans, the lender shall offer the borrower the option to repay:(a) the third consecutive small loan; and(b) subject to subsection (2), any small loan entered into after the third consecutive small loan;under an extended payment plan. At the time of execution of a small loan described in subdivision (a) or (b), the lender shall disclose to the borrower the extended payment plan option by providing the borrower a written description of the extended payment plan option in a separate disclosure document approved by the director.(4) A lender shall offer an extended payment plan under subsection (3) under the following terms and conditions:(a) A borrower shall be permitted to request an extended payment plan at any time during the term of a third or subsequent consecutive small loan if:(i) the borrower has not defaulted on the outstanding small loan; and(ii) the rescission period under section 402(6) of this chapter has expired.(b) An extended payment plan must allow the outstanding small loan to be paid in at least four (4) equal installments over a period of not less than sixty (60) days.(c) An agreement for an extended payment plan may not require a borrower to pay any amount before the original maturity date of the outstanding small loan.(d) The lender may not assess any fee or charge on a borrower for entering into an extended payment plan.(e) An agreement for an extended payment plan must be in writing and acknowledged by both the borrower and the lender.(f) A borrower may not enter into another small loan transaction while engaged in an extended payment plan.(g) A lender shall not:(i) compel, advise, solicit, or coerce a borrower to not exercise the borrower's right to request an extended payment plan;(ii) discourage a borrower from exercising the borrower's right to request an extended payment plan; or(iii) take any other action to influence a borrower's right to request an extended payment plan.(5) An agreement for an extended payment plan under subsection (3):(a) shall be considered an extension of the outstanding small loan; and(b) may not be considered a new loan.As added by P.L.38-2002, SEC.1. Amended by P.L.258-2003, SEC.2; P.L.73-2004, SEC.26; P.L.10-2006, SEC.16 and P.L.57-2006, SEC.16; P.L.213-2007, SEC.25; P.L.217-2007, SEC.24; P.L.186-2015, SEC.25; P.L.69-2018, SEC.28.
IN Code § 24-4.5-7-402 (2021)
2021 Indiana Code|Title 24. Trade Regulation|Article 4.5. Uniform Consumer Credit Code|Chapter 7. Small Loans|24-4.5-7-402. Limits Based on Borrower's Income; Security; Partial Payments; Payments; Loan Documents; Recision; Renewal Prohibited

Sec. 402. (1) A lender is prohibited from making a small loan to a borrower if the total of:(a) the principal amount and finance charges of the small loan to be issued; plus(b) any other small loan balances that the borrower has outstanding with any lender;exceeds twenty percent (20%) of the borrower's monthly gross income.(2) A small loan may be secured by only one (1) check or authorization to debit the borrower's account per small loan. The check or electronic debit may not exceed the amount advanced to or on behalf of the borrower plus loan finance charges contracted for and permitted.(3) A borrower may make partial payments in any amount on the small loan without charge at any time before the due date of the small loan.(4) After any payment is made on a small loan, whether the payment is made in part or in full before, on, or after the due date of the small loan, the lender shall give a signed and dated receipt to the borrower making a payment showing the amount paid and the balance due on the small loan.(5) The lender shall provide to each borrower a copy of the required loan documents before the disbursement of the loan proceeds.(6) A borrower may rescind a small loan without cost by paying the cash amount of the principal of the small loan to the lender not later than the end of the business day immediately following the day on which the borrower receives the proceeds.(7) A lender shall not enter into a renewal with a borrower. If a loan is paid in full, a subsequent loan is not a renewal.As added by P.L.38-2002, SEC.1. Amended by P.L.73-2004, SEC.27; P.L.213-2007, SEC.26; P.L.217-2007, SEC.25; P.L.35-2010, SEC.84; P.L.27-2012, SEC.30; P.L.69-2018, SEC.29.
IN Code § 24-4.5-7-403 (2021)
2021 Indiana Code|Title 24. Trade Regulation|Article 4.5. Uniform Consumer Credit Code|Chapter 7. Small Loans|24-4.5-7-403. Security for Loan

Sec. 403. A small loan may not be secured by personal property other than a check or electronic debit.As added by P.L.38-2002, SEC.1.
IN Code § 24-4.5-7-405 (2021)
2021 Indiana Code|Title 24. Trade Regulation|Article 4.5. Uniform Consumer Credit Code|Chapter 7. Small Loans|24-4.5-7-405. Carrying on Other Business

Sec. 405. (1) This section does not apply to a business that is licensed by the department for a purpose other than consumer loans.(2) A licensee may carry on other business at a location where the licensee makes small loans unless the licensee carries on other business for the purpose of evasion or violation of this article.As added by P.L.38-2002, SEC.1. Amended by P.L.159-2017, SEC.19.
IN Code § 24-4.5-7-406 (2021)
2021 Indiana Code|Title 24. Trade Regulation|Article 4.5. Uniform Consumer Credit Code|Chapter 7. Small Loans|24-4.5-7-406. Borrower's Default; Permissible and Prohibited Remedies; Notice to Borrower

Sec. 406. (1) An agreement with respect to a small loan may not provide for charges as a result of default by the borrower other than those specifically authorized by this chapter. A provision in a small loan agreement in violation of this section is unenforceable.(2) A lender or an assignee of a small loan may seek only the following remedies upon default by a borrower:(a) Recovery of:(i) the contracted principal amount of the loan; and(ii) the loan finance charge.(b) If contracted for under section 202 of this chapter, collection of a fee for:(i) a returned check, negotiable order of withdrawal, or share draft; or(ii) a dishonored authorization to debit the borrower's account;because of insufficient funds in the borrower's account.(c) Collection of postjudgment interest, if awarded by a court.(d) Collection of court costs, if awarded by a court.(3) A lender or an assignee of a small loan may not seek any of the following damages or remedies upon default by a borrower:(a) Payment of the lender's attorney's fees.(b) Treble damages.(c) Prejudgment interest.(d) Damages allowed for dishonored checks under any statute other than this chapter.(e) Any damages or remedies not set forth in subsection (2).(4) A contractual agreement in a small loan transaction must include a notice of the following in 14 point bold type:(a) The remedies available to a lender or an assignee under subsection (2).(b) The remedies and damages that a lender or an assignee is prohibited from seeking in a small loan transaction under subsection (3).As added by P.L.38-2002, SEC.1. Amended by P.L.73-2004, SEC.29; P.L.10-2006, SEC.18 and P.L.57-2006, SEC.18; P.L.90-2008, SEC.16; P.L.60-2016, SEC.5.