Section 24-4.5-7-109 - Paid in full "Paid in full" means the termination of a small loan through:
(1) the presentment of the borrower's check for payment by the drawee bank or the exercise by the lender of an authorization to debit an account of the borrower; or(2) the return of a check to a borrower who redeems it for consideration.As added by P.L. 38-2002, SEC.1. Amended by P.L. 73-2004, SEC.21; P.L. 10-2006, SEC.13 and P.L. 57-2006, SEC.13.