{"data":{"id":"us-in/ic-37-2-2-40.5","jurisdiction":"us-in","citation":"IC 37-2-2-40.5","heading":"\"Principal\"","body":"Sec. 40.5. \"Principal\" of a loan means the total of:\n(1) the net amount paid to, receivable by, or paid or payable for the account of the debtor;\n(2) the amount of any discount excluded from the loan finance charge (section 28.5(b) of this chapter); and\n(3) to the extent that payment is deferred:\n(A) amounts actually paid or to be paid by the lender for registration, certificate of title, or license fees if not included in subdivision (1); and\n(B) additional charges permitted by IC 37-2-4-5.\nThe term does not include any loan proceeds held as security for the loan.","path":["TITLE 37. CONSUMER LENDING","ARTICLE 2. UNIFORM CONSUMER CREDIT CODE","Chapter 2. Definitions"],"source_url":"https://iga.in.gov/ic/2026/Title_37.html#37-2-2-40.5","current_through":"2026","vintage":"2026","retrieved_at":"2026-08-22T06:53:15Z","sha256":"511803bd30fc822850473b5ac8df3ce36b673b616928b62fb6eb0eae82c825d6","source_id":"us-in","stale":false,"prev":"us-in/ic-37-2-2-40","next":"us-in/ic-37-2-2-41"},"notice":"GroundRules: Original legal text. Not legal advice."}