Indiana § 37-2-2-12 - "Consumer credit sale"
Full text of Indiana Indiana Code § 37-2-2-12 — "Consumer credit sale", with citation guidance and answers to common questions.
§ 37-2-2-12. "Consumer credit sale"
Sec. 12. "Consumer credit sale" is a sale of goods, services, or an interest in land in which:
(1) credit is granted by a person who regularly engages as a seller in credit transactions of the same kind;
(2) the buyer is a person other than an organization;
(3) the goods, services, or interest in land are purchased primarily for a personal, family, or household purpose;
(4) either the debt is payable in installments or a credit service charge is made; and
(5) with respect to a sale of goods or services, either:
(A) the amount of credit extended, the written credit limit, or the initial advance does not exceed the exempt threshold amount, as adjusted in accordance with the annual adjustment of the exempt threshold amount, specified in Regulation Z (12 CFR 226.3 or 12 CFR 1026.3(b), as applicable); or
(B) the debt is secured by personal property used or expected to be used as the principal dwelling of the buyer.
Unless the sale is made subject to this article by agreement under IC 37-2-3-29, "consumer credit sale" does not include a sale in which the seller allows the buyer to purchase goods or services pursuant to a lender credit card or similar arrangement or, except as provided with respect to disclosure (IC 37-2-3-13), debtors' remedies (IC 37-2-6-8), providing payoff amounts (IC 37-2-3-11), and powers and functions of the department (IC 37-2-7), a sale of an interest in land which is a first lien mortgage transaction.
[Pre-2026 Revision Citation: 24-4.5-1-301.5(8).]
As added by P.L.115-2026, SEC.97.
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 37-2-2-12
What does Indiana Code § 37-2-2-12 cover?
Section 37-2-2-12 (""Consumer credit sale"") is part of the Indiana Code, the codified statutory law of Indiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Indiana § 37-2-2-12?
A common citation format is "Indiana Code § 37-2-2-12" (Indiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Indiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Indiana official source linked on this page or consult a licensed Indiana attorney.
How does Indiana § 37-2-2-12 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Indiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Indiana.