{"data":{"id":"us-in/ic-37-2-3-32","jurisdiction":"us-in","citation":"IC 37-2-3-32","heading":"Limitation on default charges in consumer related sales","body":"Sec. 32. (a) An agreement with respect to a consumer related sale may provide for only the following charges as a result of the buyer's default:\n(1) Reasonable attorney's fees and reasonable expenses incurred in realizing on a security interest.\n(2) Deferral charges not in excess of twenty-five percent (25%) per year of the amount deferred for the period of deferral.\n(3) Other charges that could have been made had the sale been a consumer credit sale.\n(b) A provision in violation of this section is unenforceable.","path":["TITLE 37. CONSUMER LENDING","ARTICLE 2. UNIFORM CONSUMER CREDIT CODE","Chapter 3. Credit Sales"],"source_url":"https://iga.in.gov/ic/2026/Title_37.html#37-2-3-32","current_through":"2026","vintage":"2026","retrieved_at":"2026-08-22T06:53:15Z","sha256":"8c43197f5f51bd3e90317321e6a0481f8f3a0ceb26ffd662785d171cf7387dbb","source_id":"us-in","stale":false,"prev":"us-in/ic-37-2-3-31","next":"us-in/ic-37-2-3-33"},"notice":"GroundRules: Original legal text. Not legal advice."}