Indiana § 37-2-5-8 - Charge for insurance connection with a deferral, refinancing, or consolidation; duplicate charges
Full text of Indiana Indiana Code § 37-2-5-8 — Charge for insurance connection with a deferral, refinancing, or consolidation; duplicate charges, with citation guidance and answers to common questions.
§ 37-2-5-8. Charge for insurance connection with a deferral, refinancing, or consolidation; duplicate charges
Sec. 8. (a) A creditor may not contract for or receive a separate charge for insurance in connection with a deferral (IC 37-2-3-7 or IC 37-2-4-7), a refinancing (IC 37-2-3-8 or IC 37-2-4-8), or a consolidation (IC 37-2-3-9 or IC 37-2-4-9), unless:
(1) the debtor agrees at or before the time of the deferral, refinancing, or consolidation that the charge may be made;
(2) the debtor is or is to be provided with insurance for an amount or a term, or insurance of a kind, in addition to that to which the debtor would have been entitled had there been no deferral, refinancing, or consolidation;
(3) the debtor receives a refund or credit on account of any unexpired term of existing insurance in the amount that would be required if the insurance were terminated under section 6 of this chapter; and
(4) the charge does not exceed the amount permitted by section 5 of this chapter.
(b) A creditor may not contract for or receive a separate charge for insurance which duplicates insurance with respect to which the creditor has previously contracted for or received a separate charge.
[Pre-2026 Revision Citation: 24-4.5-4-110.]
As added by P.L.115-2026, SEC.97.
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 37-2-5-8
What does Indiana Code § 37-2-5-8 cover?
Section 37-2-5-8 ("Charge for insurance connection with a deferral, refinancing, or consolidation; duplicate charges") 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 § 37-2-5-8?
A common citation format is "Indiana Code § 37-2-5-8" (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 § 37-2-5-8 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.