Authority: IC
24-4.5-1-106; IC
24-4.5-6-107
Affected: IC 24-4.5; IC
24-9-2-8; IC
34-55-10-2; IC
34-55-10-2.5
Sec.1.
(a) The
dollar amounts in IC 24-4.5, which are required to be adjusted by IC
24-4.5-1-106, as amended,
beginning January 1, 2025, are as follows for each of the following Indiana
Uniform Consumer Credit Code sections:
|
Amended
|
Dollar Amounts
|
Provisions Relating To
|
|
IC
24-4.5-2-201(9)
|
2,600/5,200
|
Graduated rate (sales)
|
|
IC
24-4.5-2-201(10)
|
63
|
Minimum credit service charge
|
|
IC
24-4.5-2-203.5(1)(a)
|
21.5
|
Delinquency charge (sales)
|
|
IC
24-4.5-2-407(4)
|
1,290/5,200
|
Security interest (sales or leases)
|
|
IC
24-4.5-3-201(8)
|
63
|
Minimum loan finance charge
|
|
IC
24-4.5-3-203.5(1)(a)
|
21.5
|
Delinquency charge (loans)
|
|
IC
24-4.5-3-508(6)
|
2,600/5,200
|
Graduated rate (supervised loans)
|
|
IC
24-4.5-3-508(6)
|
63
|
Minimum loan finance charge
|
|
IC
24-4.5-3-510(2)
|
5,200
|
Land as security (loans)
|
|
IC
24-4.5-3-511(2)
|
1,290/5,200
|
Maximum loan term
|
|
IC
24-4.5-4-301(4)
|
1,290
|
Property insurance
|
|
IC
24-4.5-5-103(7)
|
5,200
|
Deficiency judgment
|
|
IC
24-4.5-7-104(2)
|
825
|
Principal loan amount
|
|
IC
24-4.5-7-201(4)
|
825
|
Graduated rate scale
|
|
IC
24-4.5-7-404(3)
|
825
|
Combined loan amounts
|
(b)
The dollar amount change required to be adjusted by IC
24-9-2-8, as amended, is as
follows:
|
Amended
|
Dollar Amounts
|
Provisions Relating To
|
|
IC
24-9-2-8
|
60,000
|
High cost home loan
|
(c)
The dollar amounts set forth in IC
34-55-10-2, as amended, which are
required to be adjusted by IC
34-55-10-2.5, as amended,
beginning March 1, 2022, are as follows (and next subject to adjustment not
later than March 1, 2028):
|
Amended
|
Dollar Amounts
|
Provisions Relating To
|
|
IC
34-55-10-2(c)(1)
|
22,750
|
Personal or family residence
|
|
IC
34-55-10-2(c)(2)
|
12,100
|
Other real estate or tangible property
|
|
IC
34-55-10-2(c)(3)
|
450
|
Intangible personal property
|
Notes
750 IAC 1-1-1
Department of
Financial Institutions; Uniform Consumer Credit Reg No. 1, Sec I; filed Jul 6,
1978, 9:30 a.m.: 1 IR 393, eff Jul 1, 1978; filed Oct 15, 1980, 2:30 p.m.: 3 IR
2189, eff Jul 1, 1980; filed Apr 20, 1982: 5 IR 1194, eff Jul 1, 1982; filed
Apr 11, 1984, 2:45 p.m.: 7 IR 1257, eff Jul 1, 1984; emergency rule filed Apr
25, 1986, 3:40 p.m.: 9 IR 2210, eff Jul 1, 1986; emergency rule filed Sep 5,
1986, 10:05 a.m.: 10 IR 81, eff Sep 5, 1986; filed Jan 6, 1987, 10:10 a.m.: 10
IR 1083; emergency rule filed Mar 28, 1988, 1:37 p.m.: 11 IR 2905, eff Jul 1,
1988; emergency rule filed May 14, 1992, 2:00 p.m.: 15 IR 2267, eff Jul 1,
1992; emergency rule filed Mar 21, 1994, 10:30 a.m.: 17 IR 1917, eff Jul 1,
1994; emergency rule filed Mar 18, 1996, 10:05 a.m.: 19 IR 2092, eff Jul 1,
1996; emergency rule filed Mar 17, 1998, 11:20 a.m.: 21 IR 3026, eff Jul 1,
1998; emergency rule filed Mar 14, 2002, 1:38 p.m.: 25 IR 2540, eff Jul 1,
2002; emergency rule filed Feb 16, 2004, 11:24 a.m.: 27 IR 2297, eff Jul 1,
2004; emergency rule filed Mar 13, 2006, 1:25 p.m.: 29 IR 2583, eff Jul 1,
2006; emergency rule filed Feb 22, 2008, 12:10 p.m.: 20080305-IR-750080119ERA,
eff Jul 1, 2008; emergency rule filed Feb 11, 2010, 2:52 p.m.:
20100224-IR-750100103ERA; errata filed Apr 28, 2010, 10:12 a.m.:
20100512-IR-750100103ACA; emergency rule filed May 1, 2012, 2:20 p.m.:
20120509-IR-750120211ERA, eff Jul 1, 2012; emergency rule filed Apr 17, 2014,
3:55 p.m.: 20140423-IR-750140132ERA, eff Jul 1, 2014; emergency rule filed Apr
30, 2014, 9:12 a.m.: 20140507-IR-750140141ERA, eff Jul 1, 2014; emergency rule
filed Jun 2, 2014, 10:44 a.m.: 20140611-IR- 750140202ERA, eff Jul 1, 2014;
emergency rule filed Mar 1, 2016, 1:49 p.m.: 20160309-IR-750160091ERA;
emergency rule filed Mar 23, 2016, 2:41 p.m.: 20160330-IR-750160132ERA;
emergency rule filed Mar 15, 2018, 12:21 p.m.: 20180321-IR- 750180155ERA, eff
Jul 1, 2018; emergency rule filed Oct 15, 2020, 12:36 p.m.:
20201021-IR-750200549ERA, eff Jan 1, 2021; emergency rule filed 2/11/2022, 8:22
a.m.: 20220216-IR-750220037ERA, eff 3/1/2022
Department of Financial Institutions; Uniform Consumer Credit Reg
No. 1, Sec I; filed Jul 6, 1978, 9:30 a.m.: 1 IR 393, eff Jul 1, 1978; filed
Oct 15, 1980, 2:30 p.m.: 3 IR 2189, eff Jul 1, 1980; filed Apr 20, 1982: 5 IR
1194, eff Jul 1, 1982; filed Apr 11, 1984, 2:45 p.m.: 7 IR 1257, eff Jul 1,
1984; emergency rule filed Apr 25, 1986, 3:40 p.m.: 9 IR 2210, eff Jul 1, 1986;
emergency rule filed Sep 5, 1986, 10:05 a.m.: 10 IR 81, eff Sep 5, 1986; filed
Jan 6, 1987, 10:10 a.m.: 10 IR 1083; emergency rule filed Mar 28, 1988, 1:37
p.m.: 11 IR 2905, eff Jul 1, 1988; emergency rule filed May 14, 1992, 2:00
p.m.: 15 IR 2267, eff Jul 1, 1992; emergency rule filed Mar 21, 1994, 10:30
a.m.: 17 IR 1917, eff Jul 1, 1994; emergency rule filed Mar 18, 1996, 10:05
a.m.: 19 IR 2092, eff Jul 1, 1996; emergency rule filed Mar 17, 1998, 11:20
a.m.: 21 IR 3026, eff Jul 1, 1998; emergency rule filed Mar 14, 2002, 1:38
p.m.: 25 IR 2540, eff Jul 1, 2002; emergency rule filed Feb 16, 2004, 11:24
a.m.: 27 IR 2297, eff Jul 1, 2004; emergency rule filed Mar 13, 2006, 1:25
p.m.: 29 IR 2583, eff Jul 1, 2006; emergency rule filed Feb 22, 2008, 12:10
p.m.: 20080305-IR-750080119ERA, eff Jul 1, 2008; emergency rule filed Feb 11,
2010, 2:52 p.m.: 20100224-IR-750100103ERA; errata filed Apr 28, 2010, 10:12
a.m.: 20100512-IR-750100103ACA; emergency rule filed May 1, 2012, 2:20 p.m.:
20120509-IR-750120211ERA, eff Jul 1, 2012; emergency rule filed Apr 17, 2014,
3:55 p.m.: 20140423-IR-750140132ERA, eff Jul 1, 2014; emergency rule filed Apr
30, 2014, 9:12 a.m.: 20140507-IR-750140141ERA, eff Jul 1, 2014; emergency rule
filed Jun 2, 2014, 10:44 a.m.: 20140611-IR-750140202ERA, eff Jul 1, 2014;
emergency rule filed Mar 1, 2016, 1:49 p.m.: 20160309-IR-750160091ERA;
emergency rule filed Mar 23, 2016, 2:41 p.m.: 20160330-IR-750160132ERA;
emergency rule filed Mar 15, 2018, 12:21 p.m.: 20180321-IR-750180155ERA, eff
Jul 1, 2018; emergency rule filed Oct 15, 2020, 12:36 p.m.:
20201021-IR-750200549ERA, eff Jan 1, 2021; emergency rule filed February 11,
2022, 8:22 a.m.: 20220216-IR-750220037ERA, eff Mar 1, 2022; emergency rule
filed 7/14/2022, 2:56 p.m.:
20220720-IR-750220234ERA,
eff 1/1/2023
Interim final rule filed 9/13/2024, 10:12 a.m.:
20240925-IR-750240266IFA
