Indiana § 37-2-7-24 - Applicability of notification requirements and fees
Full text of Indiana Indiana Code § 37-2-7-24 — Applicability of notification requirements and fees, with citation guidance and answers to common questions.
§ 37-2-7-24. Applicability of notification requirements and fees
Sec. 24. (a) This section and sections 25 and 26 of this chapter apply to a person, including a depository institution, but not including a collection agency licensed under IC 25-11-1, engaged in Indiana in any of the following:
(1) Making consumer credit sales, consumer leases, or consumer loans.
(2) Taking assignments of rights against debtors that arise from sales, leases, or loans by a person having an office or a place of business in Indiana.
(3) Undertaking direct collection of payments from the debtors or enforcement of rights against the debtors.
(4) Placing consumer credit insurance, receiving commissions for consumer credit insurance, or acting as a limited line credit insurance producer in the sale of consumer credit insurance.
(5) Selling insurance or other benefits, the charges for which are approved by the department as additional charges under IC 37-2-3-5 or IC 37-2-4-5.
(b) This section and sections 25 and 26 of this chapter are not applicable to a seller whose credit sales consist entirely of sales made pursuant to a seller credit card issued by a person other than the seller if the issuer of the card has complied with the provisions of this section and sections 25 and 26 of this chapter.
(c) This section and sections 25 and 26 of this chapter apply to a seller whose credit sales are made using credit cards that:
(1) are issued by a lender;
(2) are in the name of the seller; and
(3) can be used by the buyer or lessee only for purchases or leases at locations of the named seller.
[Pre-2026 Revision Citation: 24-4.5-6-201.]
As added by P.L.115-2026, SEC.97.
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 37-2-7-24
What does Indiana Code § 37-2-7-24 cover?
Section 37-2-7-24 ("Applicability of notification requirements and fees") 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 § 37-2-7-24?
A common citation format is "Indiana Code § 37-2-7-24" (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 § 37-2-7-24 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.