750 IAC 1-1-1 Dollar amounts in consumer credit code, home loan practices, and bankruptcy exemptions

Affected IC 34-55-10-2; IC 34-55-10-2.5 [NOTE: IC 24-4.5 is repealed by P.L. 115-2026, SECTION 23, effective July 1, 2026.] [NOTE: 750 IAC 1-1-1 was amended by Interim Final Rule LSA #24-266 20240925-IR-750240266IFA. This document expires January 1, 2027.] Sec.1. (a) The dollar amounts in IC 24-4.5 [NOTE: IC 24-4.5 is repealed by P.L. 115-2026, SECTION 23, effective July 1, 2026.], which are required to be adjusted by IC 24-4.5-1-106 [NOTE: IC 24-4.5 is repealed by P.L. 115-2026, SECTION 23, effective July 1, 2026.], as amended, beginning January 1, 2025, are as follows for each of the following Indiana Uniform Consumer Credit Code sections: Amended Dollar Amounts Provisions Relating To IC 24-4.5-2-201(9) [NOTE: IC 24-4.5 is repealed by P.L. 115-2026, SECTION 23, effective July 1, 2026.] 2,600/5,200 Graduated rate (sales) IC 24-4.5-2-201(10) [NOTE: IC 24-4.5 is repealed by P.L. 115-2026, SECTION 23, effective July 1, 2026.] 63 Minimum credit service charge IC 24-4.5-2-203.5(1)(a) [NOTE: IC 24-4.5 is repealed by P.L. 115-2026, SECTION 23, effective July 1, 2026.] 21.5 Delinquency charge (sales) IC 24-4.5-2-407(4) [NOTE: IC 24-4.5 is repealed by P.L. 115-2026, SECTION 23, effective July 1, 2026.] 1,290/5,200 Security interest (sales or leases) IC 24-4.5-3-201(8) [NOTE: IC 24-4.5 is repealed by P.L. 115-2026, SECTION 23, effective July 1, 2026.] 63 Minimum loan finance charge IC 24-4.5-3-203.5(1)(a) [NOTE: IC 24-4.5 is repealed by P.L. 115-2026, SECTION 23, effective July 1, 2026.] 21.5 Delinquency charge (loans) IC 24-4.5-3-508(6) [NOTE: IC 24-4.5 is repealed by P.L. 115-2026, SECTION 23, effective July 1, 2026.] 2,600/5,200 Graduated rate (supervised loans) IC 24-4.5-3-508(6) [NOTE: IC 24-4.5 is repealed by P.L. 115-2026, SECTION 23, effective July 1, 2026.] 63 Minimum loan finance charge IC 24-4.5-3-510(2) [NOTE: IC 24-4.5 is repealed by P.L. 115-2026, SECTION 23, effective July 1, 2026.] 5,200 Land as security (loans) IC 24-4.5-3-511(2) [NOTE: IC 24-4.5 is repealed by P.L. 115-2026, SECTION 23, effective July 1, 2026.] 1,290/5,200 Maximum loan term IC 24-4.5-4-301(4) [NOTE: IC 24-4.5 is repealed by P.L. 115-2026, SECTION 23, effective July 1, 2026.] 1,290 Property insurance IC 24-4.5-5-103(7) [NOTE: IC 24-4.5 is repealed by P.L. 115-2026, SECTION 23, effective July 1, 2026.] 5,200 Deficiency judgment IC 24-4.5-7-104(2) [NOTE: IC 24-4.5 is repealed by P.L. 115-2026, SECTION 23, effective July 1, 2026.] 825 Principal loan amount IC 24-4.5-7-201(4) [NOTE: IC 24-4.5 is repealed by P.L. 115-2026, SECTION 23, effective July 1, 2026.] 825 Graduated rate scale IC 24-4.5-7-404(3) [NOTE: IC 24-4.5 is repealed by P.L. 115-2026, SECTION 23, effective July 1, 2026.] 825 Combined loan amounts (b) The dollar amount change required to be adjusted by IC 24-9-2-8 [NOTE: IC 24-9 is repealed by P.L. 115, SECTION 42, effective July 1, 2026.], as amended, is as follows: Amended Dollar Amounts Provisions Relating To IC 24-9-2-8 [NOTE: IC 24-9 is repealed by P.L. 115, SECTION 42, effective July 1, 2026.] 60,000 High cost home loan (c) The dollar amounts set forth in IC 34-55-10-2, as amended, which are required to be adjusted by IC 34-55-10-2.5, as amended,beginning March 1, 2022, are as follows (and next subject to adjustment not later than March 1, 2028): Amended Dollar Amounts Provisions Relating To IC 34-55-10-2(c)(1) 22,750 Personal or family residence IC 34-55-10-2(c)(2) 12,100 Other real estate or tangible property IC 34-55-10-2(c)(3) 450 Intangible personal property