IC 37-2-2-40.5 — "Principal"
Chapter 2. Definitions
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Sec. 40.5. "Principal" of a loan means the total of: (1) the net amount paid to, receivable by, or paid or payable for the account of the debtor; (2) the amount of any discount excluded from the loan finance charge (section 28.5(b) of this chapter); and (3) to the extent that payment is deferred: (A) amounts actually paid or to be paid by the lender for registration, certificate of title, or license fees if not included in subdivision (1); and (B) additional charges permitted by IC 37-2-4-5. The term does not include any loan proceeds held as security for the loan.
As added by P.L.115-2026, SEC.97.
Source: official publisher (2026 edition)