Section 24-4.5-3-604 - Limitation on default charges in consumer related loans(1) The agreement with respect to a consumer related loan may provide for only the following charges as a result of the debtor's default:(a) reasonable attorney's fees and reasonable expenses incurred in realizing on a security interest;(b) deferral charges not in excess of twenty-five percent (25%) per year of the amount deferred for the period of deferral; and(c) other charges that could have been made had the loan been a consumer loan. (2) A provision in violation of this section is unenforceable.Amended by P.L. 73-2016, SEC. 13, eff. 3/21/2016.(Formerly: Acts1971 , P.L. 366, SEC.4.) As amended by Acts1982 , P.L. 150, SEC.7.