Indiana § 37-2-3-33 - Credit service charge for other sales

§ 37-2-3-33. Credit service charge for other sales

Sec. 33. With respect to a sale other than a consumer credit sale or a consumer related sale, the parties may contract for the payment by the buyer of any credit service charge.

[Pre-2026 Revision Citation: 24-4.5-2-605.]

As added by P.L.115-2026, SEC.97.

IC 37-2-4Chapter 4. Loans

37-2-4-0.1Application of certain amendments 37-2-4-1Application 37-2-4-2"Consumer loan"; first lien mortgage transaction not included 37-2-4-3"Precomputed" 37-2-4-4Loan 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 loansharking statute 37-2-4-5Permitted additional charges; skip-a-payment services; expedited payment services; debt cancellation agreements; insurance; GAP agreements 37-2-4-6Delinquency charges; conversion of precomputed loan to loan with finance charge based on unpaid balances 37-2-4-7Deferral charges 37-2-4-8Loan financing charge on refinancing 37-2-4-9Loan finance charge on consolidation 37-2-4-10Conversion to revolving loan account 37-2-4-11Advances to perform covenants of debtor 37-2-4-12Right to prepay; prepayment penalty; total finance charge; payoff statement; liability for failure to provide; short sales; foreclosed property; no protection from deficiency judgment 37-2-4-13Rebate upon prepayment 37-2-4-14Disclosures prohibited by Consumer Credit Protection Act; exempt transactions 37-2-4-15Balloon payments; compliance with Alternative Mortgage Transaction Parity Act 37-2-4-16No assignment of earnings 37-2-4-17Attorney's fees 37-2-4-18Limitation on default charges 37-2-4-19Notice of assignment 37-2-4-20Authorization to confess judgment prohibited 37-2-4-21Creditor's duty to credit payment as of date of receipt; payments not conforming to requirements; creditor's failure to credit payment 37-2-4-22Persons also engaging in activities of a loan broker; examination by department; cooperation with securities division 37-2-4-23Authority to make, take assignment of, or collect consumer loans other than mortgage transactions; license required; exempt persons; branches; separate license required for small loans 37-2-4-24Authority 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 37-2-4-25Use 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 37-2-4-26Application for licenses; issuance; evidence of compliance; use of NMLSR; denial of application; right to hearing; fees; license not assignable or transferrable; tax warrant list 37-2-4-27National criminal history background check; fingerprints; payment of fees or costs; use of NMLSR 37-2-4-28Credit reports; payment of fees or costs; demonstrated financial responsibility; considerations 37-2-4-29Surety bond for creditors engaged in mortgage transactions; requirements; amount; termination; liability; notices 37-2-4-30Use 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 37-2-4-31License renewal; revocation or suspension of license not renewed; reinstatement of appeal; correcting amendments 37-2-4-32Suspension or revocation of license; order to show cause; order of suspension or revocation; relinquishment of license; preexisting contracts; emergency order for revocation 37-2-4-33Record 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 37-2-4-34Automated loan machines 37-2-4-35Loan 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 lender 37-2-4-36Use of multiple agreements 37-2-4-37Restrictions on interest in land as security 37-2-4-38Regular schedule of payments; maximum loan term 37-2-4-39Carrying on other business 37-2-4-40Change 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 37-2-4-41Loans subject to article by agreement of parties 37-2-4-42Loan finance charge; licensing and annual notice to department not required 37-2-4-43Limitation on default charges in consumer related loans 37-2-4-44Loan finance charge for other loans 37-2-4-45Required disclosures; liability on fraudulently cashed instruments 37-2-4-46Requirement to provide property tax information in certain transactions