Ind. Code § 24-4.5-3-301

Disclosures required by Consumer Credit Protection Act; exempt transactions

Known as the Uniform Consumer Credit Code

The act spans §§ 24-4.5-1-101 to 24-4.5-7-414 (251 sections).

Applied in 1 court decision — leading case Clinic for Women, Inc. v. Brizzi (2004)

Most recently applied in Clinic for Women, Inc. v. Brizzi (September 2004)

Formerly: Acts 1971, P.L.366, SEC.4; Acts 1975, P.L.267, SEC.1

Sec. 301. (1) For the purposes of this section, "consumer loan" includes a loan that is a first lien mortgage transaction if the loan is otherwise a consumer loan (IC 24-4.5-1-301.5(9)).

(2) The lender shall disclose to the debtor to whom credit is extended with respect to a consumer loan 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 loan if the transaction is exempt from the Consumer Credit Protection Act (15 U.S.C. 1601 et seq.).

Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.