Indiana Code 24-4.5-3-407. Authorization to confess judgment prohibited
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Terms Used In Indiana Code 24-4.5-3-407
- Judgment: means all final orders, decrees, and determinations in an action and all orders upon which executions may issue. See Indiana Code 1-1-4-5
Sec. 407. Authorization to Confess Judgment Prohibited — A debtor may not authorize any person to confess judgment on a claim arising out of a consumer loan. An authorization in violation of this section is void.
Formerly: Acts 1971, P.L.366, SEC.4.