Indiana Code 24-4.5-3-605. Loan finance charge for other loans
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Terms Used In Indiana Code 24-4.5-3-605
- Contract: A legal written agreement that becomes binding when signed.
- Finance charge: The total cost of credit a customer must pay on a consumer loan, including interest. The Truth in Lending Act requires disclosure of the finance charge. Source: OCC
Sec. 605. Loan Finance Charge for Other Loans — With respect to a loan other than a consumer loan or a consumer related loan, the parties may contract for the payment by the debtor of any loan finance charge.
Formerly: Acts 1971, P.L.366, SEC.4.