6-5.5-4-13. Participation loans; apportionment of interest income and other receipts

IN Code § 6-5.5-4-13 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

Sec. 13. Interest income and other receipts from a participating financial institution's portion of participation loans must be attributed under this chapter. A participation loan is a loan in which more than one (1) lender is a creditor to a common borrower.

As added by P.L.347-1989(ss), SEC.1.