24-4.5-7-107. Renewal

IN Code § 24-4.5-7-107 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

Sec. 107. "Renewal" refers to a small loan that takes the place of an existing small loan by:

(a) renewing;

(b) repaying;

(c) refinancing; or

(d) consolidating;

a small loan with the proceeds of another small loan made to the same borrower by a lender.

As added by P.L.38-2002, SEC.1. Amended by P.L.73-2004, SEC.19.