Section 24-4.5-5-301 - Knowing violations(1) A lender who knowingly makes charges in excess of those permitted by the provisions of this article commits a Class A misdemeanor.(2) A person who knowingly engages in the business of making consumer loans without a license in violation of the provisions of this article applying to authority to make consumer loans (IC 24-4.5-3-502 and IC 24-4.5-3-502.1) commits a Class A misdemeanor.(3) A person who knowingly: (a) engages in the business of making consumer credit sales, consumer leases, or consumer loans, or of taking assignments of rights against debtors; and(b) undertakes direct collection of payments or enforcement of these rights, without complying with the provisions of this article concerning notification (IC 24-4.5-6-202) or payment of fees (IC 24-4.5-6-203); commits a Class A infraction.
(Formerly: Acts1971 , P.L. 366, SEC.6.) As amended by Acts1978 , P.L. 2, SEC.2414; P.L. 152-1986, SEC.70; P.L. 14-1992, SEC.44; P.L. 122-1994, SEC.33; P.L. 45-1995, SEC.14; P.L. 35-2010, SEC.63.