{"data":{"id":"us-in/ic-37-2-5-8","jurisdiction":"us-in","citation":"IC 37-2-5-8","heading":"Charge for insurance connection with a deferral, refinancing, or consolidation; duplicate charges","body":"Sec. 8. (a) A creditor may not contract for or receive a separate charge for insurance in connection with a deferral (IC 37-2-3-7 or IC 37-2-4-7), a refinancing (IC 37-2-3-8 or IC 37-2-4-8), or a consolidation (IC 37-2-3-9 or IC 37-2-4-9), unless:\n(1) the debtor agrees at or before the time of the deferral, refinancing, or consolidation that the charge may be made;\n(2) the debtor is or is to be provided with insurance for an amount or a term, or insurance of a kind, in addition to that to which the debtor would have been entitled had there been no deferral, refinancing, or consolidation;\n(3) the debtor receives a refund or credit on account of any unexpired term of existing insurance in the amount that would be required if the insurance were terminated under section 6 of this chapter; and\n(4) the charge does not exceed the amount permitted by section 5 of this chapter.\n(b) A creditor may not contract for or receive a separate charge for insurance which duplicates insurance with respect to which the creditor has previously contracted for or received a separate charge.","path":["TITLE 37. CONSUMER LENDING","ARTICLE 2. UNIFORM CONSUMER CREDIT CODE","Chapter 5. Insurance"],"source_url":"https://iga.in.gov/ic/2026/Title_37.html#37-2-5-8","current_through":"2026","vintage":"2026","retrieved_at":"2026-08-22T06:53:15Z","sha256":"67c28a1df5d0fd6364f1d146642fc84bee064caf25a62bdecc3ef3fa30469052","source_id":"us-in","stale":false,"prev":"us-in/ic-37-2-5-7","next":"us-in/ic-37-2-5-9"},"notice":"GroundRules: Original legal text. Not legal advice."}