IC 37-2-3-30 — Credit service charges with respect to consumer related sales; annual notice to department not required
Chapter 3. Credit Sales
Section text
Sec. 30. (a) With respect to a consumer related sale not made pursuant to a revolving charge account, the parties may contract for an amount comprising the amount financed and a credit service charge not in excess of twenty-five percent (25%) per year calculated according to the actuarial method on the unpaid balances of the amount financed. (b) With respect to a consumer related sale made pursuant to a revolving charge account, the parties may contract for a credit service charge not in excess of that permitted by the provisions on credit service charge for revolving charge accounts set forth in section 4(f) of this chapter. (c) A person engaged in consumer related sales is not required to comply with IC 37-2-7-24 through IC 37-2-7-26.
As added by P.L.115-2026, SEC.97.
Source: official publisher (2026 edition)