Section 24-4.5-3-501 - Definitions; "supervised loan"; "supervised lender" Definitions:
(1) "Supervised loan" means a consumer loan in which the rate of the loan finance charge exceeds twenty-five percent (25%) per year as determined according to the provisions on loan finance charge for consumer loans in section 201 of this chapter.(2) "Supervised lender" means a person authorized to make or take assignments of supervised loans.Amended by P.L. 91-2013, SEC. 3, eff. 7/1/2013.(Formerly: Acts1971 , P.L. 366, SEC.4.) As amended by Acts1982 , P.L. 150, SEC.4; P.L. 122-1994, SEC.23.