Ind. Code § 24-4.5-3-405
Current through P.L. 171-2024
Limitation on Default Charges - Except for reasonable expenses incurred in realizing on a security interest, the agreement with respect to a consumer loan may not provide for charges as a result of default by the debtor other than those authorized by this Article. A provision in violation of this section is unenforceable.
IC 24-4.5-3-405