{"data":{"id":"us-in/ic-37-2-4-37","jurisdiction":"us-in","citation":"IC 37-2-4-37","heading":"Restrictions on interest in land as security","body":"Sec. 37. (a) With respect to a supervised loan in which the principal is four thousand dollars ($4,000) or less, a lender may not contract for an interest in land as security. A security interest taken in violation of this section is void.\n(b) The amount of four thousand dollars ($4,000) in subsection (a) is subject to change pursuant to the provisions on adjustment of dollar amounts set forth in IC 37-2-1-5. However, notwithstanding IC 37-2-1-5(a), the Reference Base Index to be used under this subsection is the Index for October 2012.","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#37-2-4-37","current_through":"2026","vintage":"2026","retrieved_at":"2026-08-22T06:53:15Z","sha256":"3d4109aa79aad0e35334a05ade515b8bd47f5fb7df177b759434a9dfd6e726b4","source_id":"us-in","stale":false,"prev":"us-in/ic-37-2-4-36","next":"us-in/ic-37-2-4-38"},"notice":"GroundRules: Original legal text. Not legal advice."}