Uniform Consumer Credit Code

Indiana · Consumer Genetic Testing Providers · §§ 24-4.5-1-101 to 24-4.5-7-414 · 251 sections

Overview

The Uniform Consumer Credit Code governs consumer credit transactions — including credit sales of goods, services, and interests in land, consumer leases, revolving charge accounts, and consumer loans — by setting the terms on which credit may be extended to individuals for personal, family, or household purposes. It caps and regulates the charges a creditor may impose, covering credit service charges, permitted additional charges, delinquency and deferral charges, and the treatment of refinancing and consolidation, while defining which transactions and persons are exempt from its reach. It also establishes borrower protections such as the right to prepay without penalty with a rebate of unearned charges, limits on waiver of rights and settlement of claims, and administrative enforcement, including periodic adjustment of its dollar thresholds and rules against structuring transactions to evade its requirements.

Editorial summary generated from the text of this act. It is not part of the statute — read the sections below for the operative language.

In the courts

Sections of this act have been cited in 56 court decisions.

Most-cited authority: 861 N.E.2d 1176 - Marriage of Lambert v. Lambert

Sections covered

Ind. Code § 24-4.5-1-101Short title4 cites
Ind. Code § 24-4.5-1-102Purposes; rules of construction; related rules or guidance adopted by department; applicability to disguised consumer credit transactions; violations of other consumer credit laws; enforcement of disclosure requirements for mortgage transactions3 cites
Ind. Code § 24-4.5-1-103Supplementary general principles of law applicable
Ind. Code § 24-4.5-1-104Construction against implicit repeal
Ind. Code § 24-4.5-1-105Severability
Ind. Code § 24-4.5-1-106Adjustment of dollar amounts
Ind. Code § 24-4.5-1-107Waiver; agreement to forego rights; settlement of claims
Ind. Code § 24-4.5-1-108Effect on powers of organizations
Ind. Code § 24-4.5-1-109Persons licensed or authorized on October 1, 1971
Ind. Code § 24-4.5-1-201Territorial application; determination of residence; invalid agreements; violations; voiding of loan2 cites
Ind. Code § 24-4.5-1-201.1Repealed
Ind. Code § 24-4.5-1-202Exempt transactions and persons
Ind. Code § 24-4.5-1-203Repealed
Ind. Code § 24-4.5-1-204Cooperation with securities commissioner; individuals also conducting activities of a loan broker
Ind. Code § 24-4.5-1-301Repealed
Ind. Code § 24-4.5-1-301.5Definitions
Ind. Code § 24-4.5-1-302"Consumer Credit Protection Act"
Ind. Code § 24-4.5-1-303Repealed
Ind. Code § 24-4.5-2-101Short title
Ind. Code § 24-4.5-2-102Application
Ind. Code § 24-4.5-2-103Definitions
Ind. Code § 24-4.5-2-104Repealed
Ind. Code § 24-4.5-2-105"Goods"; "merchandise certificate"; "services"; "sale of goods"; "sale of services"; "sale of an interest in land"; "precomputed"
Ind. Code § 24-4.5-2-106"Consumer lease"
Ind. Code § 24-4.5-2-107"Seller"
Ind. Code § 24-4.5-2-108"Revolving charge account"
Ind. Code § 24-4.5-2-109"Credit service charge"
Ind. Code § 24-4.5-2-110"Cash price"
Ind. Code § 24-4.5-2-111"Amount financed"
Ind. Code § 24-4.5-2-201Credit service charge for consumer credit sales; sales agreements entered into after June 30, 2020; precomputed sales prohibited; nonrefundable prepaid finance charge authorized; revolving charge accounts; subterfuge by seller; applicability of criminal loansharking statute
Ind. Code § 24-4.5-2-202Permitted additional charges; skip-a-payment services; expedited payment services; GAP agreements1 cite
Ind. Code § 24-4.5-2-203Repealed
Ind. Code § 24-4.5-2-203.5Delinquency charges
Ind. Code § 24-4.5-2-204Deferral charges
Ind. Code § 24-4.5-2-205Credit service charge on refinancing
Ind. Code § 24-4.5-2-206Credit service charge on consolidation
Ind. Code § 24-4.5-2-207Repealed
Ind. Code § 24-4.5-2-208Advances to perform covenants of buyer
Ind. Code § 24-4.5-2-209Right to prepay without penalty; payoff statement; liability for failure to provide; short sales; foreclosed property; no protection from deficiency judgment
Ind. Code § 24-4.5-2-210Rebate upon prepayment
Ind. Code § 24-4.5-2-301Disclosures required by Consumer Credit Protection Act; exempt transactions
Ind. Code § 24-4.5-2-302Repealed
Ind. Code § 24-4.5-2-303Repealed
Ind. Code § 24-4.5-2-304Repealed
Ind. Code § 24-4.5-2-305Repealed
Ind. Code § 24-4.5-2-306Repealed
Ind. Code § 24-4.5-2-307Repealed
Ind. Code § 24-4.5-2-308Repealed
Ind. Code § 24-4.5-2-309Repealed
Ind. Code § 24-4.5-2-310Repealed
Ind. Code § 24-4.5-2-311Repealed
Ind. Code § 24-4.5-2-312Repealed
Ind. Code § 24-4.5-2-401Scope
Ind. Code § 24-4.5-2-402Use of multiple agreements
Ind. Code § 24-4.5-2-403Repealed
Ind. Code § 24-4.5-2-404Repealed
Ind. Code § 24-4.5-2-405Balloon payments
Ind. Code § 24-4.5-2-406Restriction on liability in consumer lease
Ind. Code § 24-4.5-2-407Security interests
Ind. Code § 24-4.5-2-407.5Leasing of live domestic animals prohibited
Ind. Code § 24-4.5-2-408Cross-collateral1 cite
Ind. Code § 24-4.5-2-409Debt secured by cross-collateral1 cite
Ind. Code § 24-4.5-2-410No assignment of earnings
Ind. Code § 24-4.5-2-411Referral sales
Ind. Code § 24-4.5-2-412Notice of assignment
Ind. Code § 24-4.5-2-413Attorney's fees
Ind. Code § 24-4.5-2-414Limitation on default charges
Ind. Code § 24-4.5-2-415Authorization to confess judgment prohibited
Ind. Code § 24-4.5-2-416Repealed
Ind. Code § 24-4.5-2-417Creditor's duty to credit payment as of date of receipt; payments not conforming to requirements; creditor's failure to credit payment
Ind. Code § 24-4.5-2-501"Home solicitation sale"
Ind. Code § 24-4.5-2-502Buyer's right to cancel
Ind. Code § 24-4.5-2-503Repealed
Ind. Code § 24-4.5-2-504Repealed
Ind. Code § 24-4.5-2-505Repealed
Ind. Code § 24-4.5-2-601Sale subject to article by agreement of parties
Ind. Code § 24-4.5-2-602"Consumer related sale"; credit service charge; annual notice to department not required
Ind. Code § 24-4.5-2-603Applicability of other provisions to consumer related sales
Ind. Code § 24-4.5-2-604Limitation on default charges in consumer related sales
Ind. Code § 24-4.5-2-605Credit service charge for other sales
Ind. Code § 24-4.5-3-0.1Application of certain amendments to chapter
Ind. Code § 24-4.5-3-101Short title
Ind. Code § 24-4.5-3-102Application
Ind. Code § 24-4.5-3-103Repealed
Ind. Code § 24-4.5-3-104Repealed
Ind. Code § 24-4.5-3-105"Consumer loan"; first lien mortgage transaction not included
Ind. Code § 24-4.5-3-106"Loan"1 cite
Ind. Code § 24-4.5-3-107Definitions; "lender"; "precomputed"; "principal"
Ind. Code § 24-4.5-3-108"Revolving loan account"
Ind. Code § 24-4.5-3-109"Loan finance charge"
Ind. Code § 24-4.5-3-110Repealed
Ind. Code § 24-4.5-3-110.5Repealed
Ind. Code § 24-4.5-3-201Loan finance charge for consumer loans other than supervised loans; loan agreements entered into after June 30, 2020; precomputed consumer loans prohibited; nonrefundable prepaid finance charge; subterfuge by lender; applicability of criminal loansharking statute2 cites
Ind. Code § 24-4.5-3-202Permitted additional charges; skip-a-payment services; expedited payment services; debt cancellation agreements; insurance; GAP agreements2 cites
Ind. Code § 24-4.5-3-203Repealed
Ind. Code § 24-4.5-3-203.5Delinquency charges; conversion of precomputed loan to loan with finance charge based on unpaid balances
Ind. Code § 24-4.5-3-204Deferral charges
Ind. Code § 24-4.5-3-205Loan finance charge on refinancing
Ind. Code § 24-4.5-3-206Loan finance charge on consolidation
Ind. Code § 24-4.5-3-207Conversion to revolving loan account
Ind. Code § 24-4.5-3-208Advances to perform covenants of debtor
Ind. Code § 24-4.5-3-209Right to prepay; prepayment penalty; total finance charge; payoff statement; liability for failure to provide; short sales; foreclosed property; no protection from deficiency judgment
Ind. Code § 24-4.5-3-210Rebate upon prepayment
Ind. Code § 24-4.5-3-301Disclosures required by Consumer Credit Protection Act; exempt transactions1 cite
Ind. Code § 24-4.5-3-302Repealed
Ind. Code § 24-4.5-3-303Repealed
Ind. Code § 24-4.5-3-304Repealed
Ind. Code § 24-4.5-3-305Repealed
Ind. Code § 24-4.5-3-306Repealed
Ind. Code § 24-4.5-3-307Repealed
Ind. Code § 24-4.5-3-308Repealed
Ind. Code § 24-4.5-3-309Repealed
Ind. Code § 24-4.5-3-310Repealed
Ind. Code § 24-4.5-3-311Repealed
Ind. Code § 24-4.5-3-401Scope
Ind. Code § 24-4.5-3-402Balloon payments; compliance with Alternative Mortgage Transaction Parity Act
Ind. Code § 24-4.5-3-403No assignment of earnings
Ind. Code § 24-4.5-3-404Attorney's fees
Ind. Code § 24-4.5-3-405Limitation on default charges1 cite
Ind. Code § 24-4.5-3-406Notice of assignment
Ind. Code § 24-4.5-3-407Authorization to confess judgment prohibited
Ind. Code § 24-4.5-3-408Creditor's duty to credit payment as of date of receipt; payments not conforming to requirements; creditor's failure to credit payment
Ind. Code § 24-4.5-3-501Definitions; "supervised loan"; "supervised lender"1 cite
Ind. Code § 24-4.5-3-501.5Persons also engaging in activities of a loan broker; examination by department; cooperation with securities division
Ind. Code § 24-4.5-3-502Authority to make, take assignment of, or collect consumer loans other than mortgage transactions; license required; exempt persons; branches; separate license required for small loans1 cite
Ind. Code § 24-4.5-3-502.1Authority to make, take assignment of, or collect subordinate lien mortgage transactions; license required; exempt persons; registration with NMLSR; licensed mortgage loan originators; applications for licensure; director's authority to contract with NMLSR
Ind. Code § 24-4.5-3-502.2Use of NMLSR in department's licensing system; reporting of information to NMLSR; confidentiality; director's authority to enter agreements; waiver of privilege; processing fee; electronic records
Ind. Code § 24-4.5-3-503Applications for licenses; issuance; evidence of compliance; use of NMLSR; denial of application; right to hearing; fees; license not assignable or transferable; tax warrant list
Ind. Code § 24-4.5-3-503.1National criminal history background check; fingerprints; payment of fees or costs; use of NMLSR
Ind. Code § 24-4.5-3-503.2Credit reports; payment of fees or costs; demonstrated financial responsibility; considerations
Ind. Code § 24-4.5-3-503.3Surety bond for creditors engaged in mortgage transactions; requirements; amount; termination; liability; notices
Ind. Code § 24-4.5-3-503.4Use of NMLSR in department's licensing system for subordinate lien mortgage transactions; reporting of information to NMLSR; confidentiality; director's authority to enter agreements; waiver of privilege; processing fee; electronic records
Ind. Code § 24-4.5-3-503.5Repealed
Ind. Code § 24-4.5-3-503.6License renewal; revocation or suspension of license not renewed; reinstatement or appeal; correcting amendments
Ind. Code § 24-4.5-3-504Suspension or revocation of license; order to show cause; order of suspension or revocation; relinquishment of license; preexisting contracts; emergency order for revocation
Ind. Code § 24-4.5-3-505Record keeping; use of unique identifier on forms and documents; use of examination and regulatory software; submitting call reports to NMLSR; composite reports; notice to department of certain events or changes
Ind. Code § 24-4.5-3-505.5Automated loan machines
Ind. Code § 24-4.5-3-506Repealed
Ind. Code § 24-4.5-3-507Repealed
Ind. Code § 24-4.5-3-508Loan finance charge for supervised loans; precomputed supervised loans prohibited after June 30, 2020; nonrefundable prepaid finance charge; loan paid in full by new loan from same lender1 cite
Ind. Code § 24-4.5-3-508.5Repealed
Ind. Code § 24-4.5-3-509Use of multiple agreements
Ind. Code § 24-4.5-3-510Restrictions on interest in land as security
Ind. Code § 24-4.5-3-511Regular schedule of payments; maximum loan term
Ind. Code § 24-4.5-3-512Carrying on other business
Ind. Code § 24-4.5-3-513Application of other provisions
Ind. Code § 24-4.5-3-514Repealed
Ind. Code § 24-4.5-3-515Change in control of creditor; application to department; timeframe for department's decision; conditions for approval; creditor's duty to report transfer of securities; director's discretion to require new license
Ind. Code § 24-4.5-3-601Loans subject to article by agreement of parties
Ind. Code § 24-4.5-3-602"Consumer related loan"; loan finance charge; licensing and annual notice to department not required
Ind. Code § 24-4.5-3-603Applicability of other provisions to consumer related loans
Ind. Code § 24-4.5-3-604Limitation on default charges in consumer related loans
Ind. Code § 24-4.5-3-605Loan finance charge for other loans
Ind. Code § 24-4.5-3-606Required disclosures; liability on fraudulently cashed instruments
Ind. Code § 24-4.5-3-701Requirement to provide property tax information in certain transactions
Ind. Code § 24-4.5-4-101Short title
Ind. Code § 24-4.5-4-102Application; relation to credit insurance act
Ind. Code § 24-4.5-4-103"Consumer credit insurance" defined
Ind. Code § 24-4.5-4-104Creditor's provisions of and charge for insurance; excess amount of charge
Ind. Code § 24-4.5-4-105Conditions applying to insurance to be provided by creditor
Ind. Code § 24-4.5-4-106Unconscionability
Ind. Code § 24-4.5-4-107Maximum charge by creditor for insurance; methods for calculating charge
Ind. Code § 24-4.5-4-108Prepayment by proceeds of consumer credit insurance; refund required; documentation; amount; interest; civil penalty
Ind. Code § 24-4.5-4-109Existing insurance; choice of insurer
Ind. Code § 24-4.5-4-110Charge for insurance connection with a deferral, refinancing, or consolidation; duplicate charges
Ind. Code § 24-4.5-4-111Cooperation between administrator and insurance commissioner
Ind. Code § 24-4.5-4-112Administrative action of commissioner of insurance
Ind. Code § 24-4.5-4-201Term of insurance
Ind. Code § 24-4.5-4-202Amount of insurance1 cite
Ind. Code § 24-4.5-4-203Filing and approval of rates and forms
Ind. Code § 24-4.5-4-301Property insurance
Ind. Code § 24-4.5-4-302Insurance on creditor's interest only
Ind. Code § 24-4.5-4-303Liability insurance
Ind. Code § 24-4.5-4-304Cancellation by creditor
Ind. Code § 24-4.5-4-305Refund of unearned premium for property insurance upon payment of loan
Ind. Code § 24-4.5-5-0.1Application of certain amendments to chapter
Ind. Code § 24-4.5-5-101Short title
Ind. Code § 24-4.5-5-102Scope1 cite
Ind. Code § 24-4.5-5-103Restrictions on deficiency judgments in consumer credit sales
Ind. Code § 24-4.5-5-104No garnishment before judgment
Ind. Code § 24-4.5-5-105Limitation on garnishment and proceedings supplemental to execution; employer's fee12 cites
Ind. Code § 24-4.5-5-106No discharge from employment for garnishment
Ind. Code § 24-4.5-5-107Extortionate extensions of credit
Ind. Code § 24-4.5-5-108Unconscionability
Ind. Code § 24-4.5-5-201First lien mortgage transactions; civil liability for disclosure violations; debtor's right to rescind
Ind. Code § 24-4.5-5-202Effect of violations on rights of parties3 cites
Ind. Code § 24-4.5-5-203Civil liability for violation of disclosure provisions1 cite
Ind. Code § 24-4.5-5-204Debtor's right to rescind; accruing interest prohibited during rescission period; disbursement of proceeds
Ind. Code § 24-4.5-5-205Refunds and penalties as set-off to obligation
Ind. Code § 24-4.5-5-301Knowing violations
Ind. Code § 24-4.5-5-302Disclosure violations
Ind. Code § 24-4.5-6-101Short title
Ind. Code § 24-4.5-6-102Applicability; "consumer credit sale"; "consumer loan"
Ind. Code § 24-4.5-6-103Department
Ind. Code § 24-4.5-6-103.5Repealed
Ind. Code § 24-4.5-6-104Powers of department; reliance on rules1 cite
Ind. Code § 24-4.5-6-105Administrative powers with respect to depository institutions
Ind. Code § 24-4.5-6-106Department's examination and investigatory authority; record retention; director's authority to control access to records; court order compelling compliance; confidentiality; costs; vendors
Ind. Code § 24-4.5-6-106.5Powers of director
Ind. Code § 24-4.5-6-107Applicability of laws governing administrative orders and rules; venue; rules
Ind. Code § 24-4.5-6-107.5Prohibited acts
Ind. Code § 24-4.5-6-108Cease and desist orders; judicial review or enforcement proceedings; record; appeal; unconscionable or fraudulent conduct subject to injunction
Ind. Code § 24-4.5-6-109Assurance of discontinuance
Ind. Code § 24-4.5-6-110Injunctions against violations
Ind. Code § 24-4.5-6-111Injunctions against unconscionable agreements and fraudulent or unconscionable conduct
Ind. Code § 24-4.5-6-112Temporary relief
Ind. Code § 24-4.5-6-113Civil actions by department; civil penalties for violations
Ind. Code § 24-4.5-6-114Repealed
Ind. Code § 24-4.5-6-115Debtor's remedies not affected
Ind. Code § 24-4.5-6-116Venue
Ind. Code § 24-4.5-6-117"Civil court" defined
Ind. Code § 24-4.5-6-119Violations by individuals; persons convicted of felonies; civil penalties; creditor's duty to notify department of discharge or termination
Ind. Code § 24-4.5-6-120Notice of charges; requirements; hearing; final order; suspension or prohibition pending final order; official record
Ind. Code § 24-4.5-6-121Consent agreement; notice of charges not required
Ind. Code § 24-4.5-6-122Final order; penalties; time for issuance; consent presumed upon failure to appear
Ind. Code § 24-4.5-6-123Final order; effective date; authority of department or court to stay, modify, or vacate
Ind. Code § 24-4.5-6-124Factors for determining amount of civil penalty; indemnification by creditor prohibited; deposit of civil penalties in financial institutions fund
Ind. Code § 24-4.5-6-125Authority of director to enforce orders, agreements, or conditions in court
Ind. Code § 24-4.5-6-201Applicability of notification requirements and fees2 cites
Ind. Code § 24-4.5-6-202Notification
Ind. Code § 24-4.5-6-203Fees
Ind. Code § 24-4.5-6-204Nonapplicability of licensing and notification requirements to attorneys' services
Ind. Code § 24-4.5-7-101Citation2 cites
Ind. Code § 24-4.5-7-102Applicability; authority to make, take assignment of, or collect small loans; license required; application; separate license required for activities involving consumer loans; "regularly engages"1 cite
Ind. Code § 24-4.5-7-103Definitions
Ind. Code § 24-4.5-7-104Small loan
Ind. Code § 24-4.5-7-105Principal
Ind. Code § 24-4.5-7-106Check
Ind. Code § 24-4.5-7-107Renewal
Ind. Code § 24-4.5-7-108Consecutive small loan
Ind. Code § 24-4.5-7-109Paid in full
Ind. Code § 24-4.5-7-110Monthly gross income
Ind. Code § 24-4.5-7-111Lender
Ind. Code § 24-4.5-7-112Lender not considered a financial institution
Ind. Code § 24-4.5-7-201Finance charges1 cite
Ind. Code § 24-4.5-7-202Fee for dishonored check, electronic funds transfer, or debit authorization; limits on lender's presentment of check or debiting of account1 cite
Ind. Code § 24-4.5-7-301Disclosures; informational brochure
Ind. Code § 24-4.5-7-401Term of loan; consecutive small loans; extended payment plans1 cite
Ind. Code § 24-4.5-7-402Limits based on borrower's income; security; partial payments; payments; loan documents; recision; renewal prohibited
Ind. Code § 24-4.5-7-403Security for loan
Ind. Code § 24-4.5-7-404Limits and number and amounts of outstanding loans; lender's verification; third party data base; civil penalties; excess finance charges; verification of Social Security number1 cite
Ind. Code § 24-4.5-7-405Carrying on other business
Ind. Code § 24-4.5-7-406Borrower's default; permissible and prohibited remedies; notice to borrower1 cite
Ind. Code § 24-4.5-7-407Repealed
Ind. Code § 24-4.5-7-408Repealed
Ind. Code § 24-4.5-7-409Violations; remedies and damages; equitable relief; exhaustion of administrative remedies not required2 cites
Ind. Code § 24-4.5-7-410Prohibited acts by lender1 cite
Ind. Code § 24-4.5-7-411Exemption of finance charges2 cites
Ind. Code § 24-4.5-7-412Endorsement of check
Ind. Code § 24-4.5-7-413Surety bond; requirements; amount; termination; liability; notices
Ind. Code § 24-4.5-7-414Rulemaking authority

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