TITLE 750 DEPARTMENT OF FINANCIAL INSTITUTIONS
Emergency Rule
LSA Document #22-234(E)
DIGEST
750 IAC 1-1-1 Dollar amounts in consumer credit code, home loan practices, and bankruptcy exemptions
Authority: IC 24-4.5-1-106; IC 24-4.5-6-107
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, shall, on January 1, 2021 January 1, 2023, be as set forth in each of the following Indiana Uniform Consumer Credit Code sections:
| | |
| Amended | Dollar Amounts | Provisions Relating To |
| IC 24-4.5-2-201(9) | 2,000/4,000 2,400/4,800 | Graduated rate (sales) |
| IC 24-4.5-2-201(10) | 51 57 | Minimum credit service charge |
| IC 24-4.5-2-203.5(1)(a) | 19 20.5 | Delinquency charge (sales) |
| IC 24-4.5-2-407(4) | 1,140/4,000 1,230/4,800 | Security interest (sales or leases) |
IC 24-4.5-3-201(7) IC 24-4.5-3-201(8) | 51 57 | Minimum loan finance charge |
| IC 24-4.5-3-203.5(1)(a) | 19 20.5 | Delinquency charge (loans) |
| IC 24-4.5-3-508(6) | 2,000/4,000 2,400/4,800 | Graduated rate (supervised loans) |
| IC 24-4.5-3-508(6) | 51 57 | Minimum loan finance charge |
| IC 24-4.5-3-510(2) | 4,000 4,800 | Land as security (loans) |
| IC 24-4.5-3-511(2) | 1,140/4,000 1,230/4,800 | Maximum loan term |
| IC 24-4.5-4-301(4) | 1,140 1,230 | Property insurance |
| IC 24-4.5-5-103(7) | 4,000 4,800 | Deficiency judgment |
| IC 24-4.5-7-104(2) | 660 715 | Principal loan amount |
| IC 24-4.5-7-201(4) | 660 715 | Graduated rate scale |
| IC 24-4.5-7-404(3) | 660 715 | Combined loan amounts |
(b) The dollar amount change which is required to be adjusted by IC 24-9-2-8, as amended, shall be as follows:
| | |
| Amended | Dollar Amounts | Provisions Relating To |
| IC 24-9-2-8 | 48,000 56,000 | 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, shall on March 1, 2022, be as follows (and next subject to adjustment no 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 |
(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 Jul 14, 2022, 2:56 p.m.: 20220720-IR-750220234ERA, eff Jan 1, 2023)
Filed with Publisher: July 14, 2022, 2:56 p.m.
Posted: 07/20/2022 by Legislative Services Agency
DIN: 20220720-IR-750220234ERA
Composed: Apr 19,2024 2:12:49PM EDT
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