Ind. Code § 24-4.5-2-414

Current through P.L. 171-2024
Section 24-4.5-2-414 - Limitation on default charges

Except for reasonable expenses incurred in realizing on a security interest, the agreement with respect to a consumer credit sale may not provide for any charges as a result of default by the buyer other than those authorized by this Article. A provision in violation of this section is unenforceable.

IC 24-4.5-2-414

Formerly: Acts1971 , P.L. 366, SEC.3.