{"data":{"id":"us-in/ic-37-2-2-44.7","jurisdiction":"us-in","citation":"IC 37-2-2-44.7","heading":"\"Revolving charge account\"","body":"Sec. 44.7. \"Revolving charge account\" means an arrangement between a seller and a buyer pursuant to which:\n(1) the seller may permit the buyer to purchase goods or services on credit either from the seller or pursuant to a seller credit card;\n(2) the unpaid balances of amounts financed arising from purchases and the credit service and other appropriate charges are debited to an account;\n(3) a credit service charge if made is not precomputed but is computed on the outstanding unpaid balances of the buyer's account from time to time; and\n(4) the buyer has the privilege of paying the balances in installments.","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#37-2-2-44.7","current_through":"2026","vintage":"2026","retrieved_at":"2026-08-22T06:53:15Z","sha256":"8d502aca2842e5a87616c8a15e5be84d5b180ef44447094cdc6adef379055a28","source_id":"us-in","stale":false,"prev":"us-in/ic-37-2-2-44.5","next":"us-in/ic-37-2-2-45"},"notice":"GroundRules: Original legal text. Not legal advice."}