{"data":{"id":"us-in/ic-37-2-4-21","jurisdiction":"us-in","citation":"IC 37-2-4-21","heading":"Creditor's duty to credit payment as of date of receipt; payments not conforming to requirements; creditor's failure to credit payment","body":"Sec. 21. (a) This section applies to consumer loans, including revolving loan accounts.\n(b) Except as provided in subsection (c), a creditor shall credit a payment to a consumer's account as of the date of receipt, except when a delay in crediting does not result in a finance charge or other charge, including a delinquency charge under section 6 of this chapter. A delay in posting does not violate this section so long as the payment is credited as of the date of receipt.\n(c) If a creditor specifies in writing requirements for the consumer to follow in making payments, but accepts a payment that does not conform to the requirements, the creditor shall credit the payment within five (5) days of receipt of the payment.\n(d) If a creditor fails to credit a payment as required by this section in time to avoid the imposition of a finance or other charge, including a delinquency charge, the creditor shall adjust the consumer's account so that the charges imposed are credited to the consumer's account during the next payment period.","path":["TITLE 37. CONSUMER LENDING","ARTICLE 2. UNIFORM CONSUMER CREDIT CODE","Chapter 4. Loans"],"source_url":"https://iga.in.gov/ic/2026/Title_37.html#37-2-4-21","current_through":"2026","vintage":"2026","retrieved_at":"2026-08-22T06:53:15Z","sha256":"5dc20236a374ec90d6b8e200be063e22b62f587c94180956edb254db58dcaf16","source_id":"us-in","stale":false,"prev":"us-in/ic-37-2-4-20","next":"us-in/ic-37-2-4-22"},"notice":"GroundRules: Original legal text. Not legal advice."}