{"data":{"id":"us-in/ic-24-12-4.5-2","jurisdiction":"us-in","citation":"IC 24-12-4.5-2","heading":"Fee; servicing charge; document charges; limitations","body":"Sec. 2. (a) With respect to a CPAP transaction, a CPAP provider may impose the following:\n(1) A fee that is:\n(A) calculated at an annual rate that does not exceed thirty-six percent (36%) of the funded amount; and\n(B) earned at consummation and each year after consummation on the anniversary of the funding date, in the case of a CPAP transaction offered or entered into after June 30, 2019.\n(2) A servicing charge that is:\n(A) calculated at an annual rate that does not exceed seven percent (7%) of the funded amount; and\n(B) earned at consummation and each year after consummation on the anniversary of the funding date, in the case of a CPAP transaction offered or entered into after June 30, 2019.\n(3) With respect to any one (1) civil proceeding, total charges that do not exceed five hundred dollars ($500) for obtaining and preparing documents, in the case of a CPAP transaction offered or entered into after June 30, 2019.\n(4) The following with respect to a CPAP transaction offered or entered into after June 30, 2016, and before July 1, 2019:\n(A) If the funded amount of the CPAP transaction is less than five thousand dollars ($5,000), a one (1) time charge that does not exceed two hundred fifty dollars ($250) for obtaining and preparing documents.\n(B) If the funded amount of the CPAP transaction is at least five thousand dollars ($5,000), a one (1) time charge that does not exceed five hundred dollars ($500) for obtaining and preparing documents.\n(b) A CPAP provider may not assess, or collect from the consumer claimant, any fee or charge not otherwise permitted under this chapter in connection with a CPAP transaction. The fees and charges permitted under this chapter are not subject to refund or rebate.","path":["TITLE 24. TRADE REGULATION","ARTICLE 12. CIVIL PROCEEDING ADVANCE PAYMENTS","Chapter 4.5. Charges"],"source_url":"https://iga.in.gov/ic/2026/Title_24.html#24-12-4.5-2","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-04T18:50:41Z","sha256":"59dac2c90dbfeaa9e8fe809ed9ecd6a89f927043ae258f2bf8abbffe24c49ad8","source_id":"us-in","stale":false,"prev":"us-in/ic-24-12-4.5-1","next":"us-in/ic-24-12-5-1"},"notice":"GroundRules: Original legal text. Not legal advice."}