Sec. 404. With respect to a consumer loan the agreement may provide for the payment by the debtor of reasonable attorney's fees after default and referral to an attorney not a salaried employee of the lender. A provision in violation of this section is unenforceable.
Formerly: Acts 1971, P.L.366, SEC.4. As amended by P.L.152-1986, SEC.64; P.L.14-1992, SEC.31.
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