{"data":{"id":"us-in/ic-37-2-2-5","jurisdiction":"us-in","citation":"IC 37-2-2-5","heading":"\"Average daily balance\"","body":"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).","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#37-2-2-5","current_through":"2026","vintage":"2026","retrieved_at":"2026-08-22T06:53:15Z","sha256":"326059dc2aeba2dc892d5f85e03c079e82841a5c6dfc2272b707f6fd04253db0","source_id":"us-in","stale":false,"prev":"us-in/ic-37-2-2-4","next":"us-in/ic-37-2-2-6"},"notice":"GroundRules: Original legal text. Not legal advice."}