24-4.5-2-414. Limitation on default charges

IN Code § 24-4.5-2-414 (2019) (N/A)
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Sec. 414. Limitation on Default Charges — Except for reasonable expenses incurred in realizing on a security interest, the agreement with respect to a consumer credit sale may not provide for any charges as a result of default by the buyer other than those authorized by this Article. A provision in violation of this section is unenforceable.

Formerly: Acts 1971, P.L.366, SEC.3.