Statutes, codes, and regulations
Indiana Code
Title 24 - TRADE REGULATIONArticle 4.5 - UNIFORM CONSUMER CREDIT CODEChapter 3 - LOANS
Part 4 - LIMITATIONS ON AGREEMENTS AND PRACTICES
Section 24-4.5-3-407 - Authorization to confess judgment prohibited

Ind. Code § 24-4.5-3-407

Download
PDF
Current through P.L. 171-2024
Section 24-4.5-3-407 - Authorization to confess judgment prohibited

Authorization to Confess Judgment Prohibited - A debtor may not authorize any person to confess judgment on a claim arising out of a consumer loan. An authorization in violation of this section is void.

IC 24-4.5-3-407

Formerly: Acts1971 , P.L. 366, SEC.4.