Indiana § 28-14-3-20 - Compensation or commission for loan negotiation or trust execution not considered interest or usury
Full text of Indiana Indiana Code § 28-14-3-20 — Compensation or commission for loan negotiation or trust execution not considered interest or usury, with citation guidance and answers to common questions.
§ 28-14-3-20. Compensation or commission for loan negotiation or trust execution not considered interest or usury
Sec. 20. The compensation or commission paid or agreed to be paid for the negotiation of any loan or the execution of any trust by a corporate fiduciary is not interest within the meaning of any law of Indiana, and the excess of the compensation or commission over any rate of interest permitted by the laws of Indiana shall not be decreed or held to be usury in any court.
As added by P.L.262-1995, SEC.90.
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 28-14-3-20
What does Indiana Code § 28-14-3-20 cover?
Section 28-14-3-20 ("Compensation or commission for loan negotiation or trust execution not considered interest or usury") 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 § 28-14-3-20?
A common citation format is "Indiana Code § 28-14-3-20" (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 § 28-14-3-20 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.