Indiana Payday Loan Laws
Indiana Payday loan laws. Indiana Payday loan legislation. Indiana state has specific payday loans laws. Indiana Payday Loans 15% on the first $250; 13% on amounts greater than $250 up to and including $400; 10% on amounts greater than $400 up to and including $500.
Indiana Payday Loans minimum term of 14 days. Indiana Payday Loan Maximum amount of payday loan is $500 but cannot exceed 15% of the monthly gross income, including fees. Indiana Payday Loans Rollovers are prohibited (if a loan is paid in full, it is not a rollover).
Indiana State Payday Loan Laws and Legislation InformationIndiana Payday Loans Legal Status: Legal Indiana Payday Loans Citation:
Ind. Code Ann. § 24-4-4.5-7-101 et seq. Indiana Payday Loans Terms:
Indiana Payday Loans Maximum Loan Amount: $550 (not to exceed 20% of borrower's monthly gross income)
Indiana Payday Loans Term: Min: 14 days
Indiana Payday Loans Maximum Finance Rate and Fees: 15%: $0-$250; 13%: $251-$400; 10%: $401-$500
Indiana Payday Loans Finance Charge for 14-day $100 loan: $15
APR for 14-day $100 loan: 390% Indiana Payday Loans Debt Limits:
Indiana Payday Loans Maximum Number of Outstanding Loans at One Time: One per lender; Two total
Indiana Payday Loans Rollovers Permitted: None (cannot renew, repay, refinance or consolidate)
Indiana Payday Loans Cooling-off Period: 7 days after 6 consecutive loans
Indiana Payday Loans Repayment Plan: After 3 consecutive loans, lender must offer an extended payment plan of at least four equal installments at no additional cost Indiana Payday Loans Collection Limits:
Indiana Payday Loans Collection Fees: One $20 NSF fee; additional charges may apply when check or authorization to debit was used to defraud another
Indiana Payday Loans Criminal Action: Prohibited Regulator: Indiana Department of Financial Institutions
Indiana Payday Loans Address: 30 South Meridian Street, Suite 300 Indianapolis IN 46204
Indiana Payday Loans Phone Number: (800) 382-4880
Indiana Payday Loans Fax:
Indiana Payday Loans Regulatory Contact: Mark Tarpey,, Supervisor, Consumer Credit
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