{"data":{"id":"us-in/ic-37-3-3-3","jurisdiction":"us-in","citation":"IC 37-3-3-3","heading":"Fee for dishonored check, electronic funds transfer, or debit authorization; limits on lender's presentment of check or debiting of account","body":"Sec. 3. (a) Notwithstanding any other law, the only fee that may be contracted for and received by the lender or an assignee on a small loan is a charge, not to exceed twenty-five dollars ($25), for each:\n(1) return by a bank or other depository institution of a dishonored:\n(A) check;\n(B) electronic funds transfer;\n(C) negotiable order of withdrawal; or\n(D) share draft;\nissued by the borrower; or\n(2) time an authorization to debit the borrower's account is dishonored.\nThis additional charge may be assessed one (1) time regardless of how many times a check or an authorization to debit the borrower's account may be submitted by the lender and dishonored.\n(b) A lender may:\n(1) present a borrower's check for payment; or\n(2) exercise a borrower's authorization to debit the borrower's account;\nnot more than three (3) times.","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#37-3-3-3","current_through":"2026","vintage":"2026","retrieved_at":"2026-08-22T06:53:15Z","sha256":"ae064aa02875b7dbe158c55f0a3e8579e0e3057c878ca08e793e45bcf5aa2a26","source_id":"us-in","stale":false,"prev":"us-in/ic-37-3-3-2","next":"us-in/ic-37-3-3-4"},"notice":"GroundRules: Original legal text. Not legal advice."}