GroundRules
IC 37-2-2-5: "Average daily balance"
Where this section sits in the code
- TITLE 37. CONSUMER LENDING
- ARTICLE 2. UNIFORM CONSUMER CREDIT CODE
- Chapter 2. Definitions
Sec. 5. "Average daily balance" means the sum of each of the daily balances in a billing cycle divided by the number of days in the billing cycle, and if the billing cycle is a month, the creditor may elect to treat the number of days in each billing cycle as thirty (30).
Collected 2026-08-22T06:53:15Z. Source file · JSON