Indiana Code 24-4.5-3-511. Regular schedule of payments; maximum loan term
(a) over a period of not more than thirty-seven (37) months if the principal is more than three hundred dollars ($300); or
(b) over a period of not more than twenty-five (25) months if the principal is three hundred dollars ($300) or less.
(2) The amounts of three hundred dollars ($300) and four thousand dollars ($4,000) in subsection (1) are subject to change pursuant to the provisions on adjustment of dollar amounts (IC 24-4.5-1-106). However, notwithstanding IC 24-4.5-1-106(1), the Reference Base Index to be used with respect to the amount of:
(a) three hundred dollars ($300) is the Index for October 1992; and
(b) four thousand dollars ($4,000) is the Index for October 2012.
Formerly: Acts 1971, P.L.366, SEC.4. As amended by Acts 1982, P.L.149, SEC.5; P.L.137-2014, SEC.12; P.L.186-2015, SEC.20; P.L.10-2019, SEC.107.