{"data":{"id":"us-in/ic-37-3-3-2","jurisdiction":"us-in","citation":"IC 37-3-3-2","heading":"Finance charges","body":"Sec. 2. (a) Finance charges on the first two hundred fifty dollars ($250) of a small loan are limited to fifteen percent (15%) of the principal.\n(b) Finance charges on the amount of a small loan greater than two hundred fifty dollars ($250) and less than or equal to four hundred dollars ($400) are limited to thirteen percent (13%) of the amount over two hundred fifty dollars ($250) and less than or equal to four hundred dollars ($400).\n(c) Finance charges on the amount of the small loan greater than four hundred dollars ($400) and less than or equal to five hundred fifty dollars ($550) are limited to ten percent (10%) of the amount over four hundred dollars ($400) and less than or equal to five hundred fifty dollars ($550).\n(d) The amount of five hundred fifty dollars ($550) in subsection (c) is subject to change under 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 2006.","path":["TITLE 37. CONSUMER LENDING","ARTICLE 3. SMALL LOANS","Chapter 3. Regulation of Small Loans"],"source_url":"https://iga.in.gov/ic/2026/Title_37.html#37-3-3-2","current_through":"2026","vintage":"2026","retrieved_at":"2026-08-22T06:53:15Z","sha256":"626ea296b0f359848e9939efdbdc9608b6c84ce9340c12e956ca709b663e69f8","source_id":"us-in","stale":false,"prev":"us-in/ic-37-3-3-1","next":"us-in/ic-37-3-3-3"},"notice":"GroundRules: Original legal text. Not legal advice."}