{"data":{"id":"us-in/ic-37-2-4-42","jurisdiction":"us-in","citation":"IC 37-2-4-42","heading":"Loan finance charge; licensing and annual notice to department not required","body":"Sec. 42. (a) With respect to a consumer related loan, including one made pursuant to a revolving loan account, the parties may contract for the payment by the debtor of a loan finance charge, calculated according to the actuarial method, not to exceed twenty-five percent (25%) per year on the unpaid principal balance.\n(b) A person engaged in consumer related loans is not required to comply with:\n(1) the licensing requirements set forth in section 26 of this chapter; or\n(2) IC 37-2-7-24 through IC 37-2-7-26.","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#37-2-4-42","current_through":"2026","vintage":"2026","retrieved_at":"2026-08-22T06:53:15Z","sha256":"a0f8bb59f5205eb6c537a5f6f69fb1f5b3d0c5a67e268a2429d974ac3b85edb6","source_id":"us-in","stale":false,"prev":"us-in/ic-37-2-4-41","next":"us-in/ic-37-2-4-43"},"notice":"GroundRules: Original legal text. Not legal advice."}