Ind. Code § 24-4.5-7-202

(1) Notwithstanding any other law, the only fee that may be contracted for and received by the lender or an assignee on a small loan is a charge, not to exceed twenty-five dollars ($25), for each: (a) return by a bank or other depository institution of a dishonored: (i) check; (ii) electronic funds transfer; (iii) negotiable order of withdrawal; or (iv) share draft; issued by the borrower; or

(b) time an authorization to debit the borrower’s account is dishonored. This additional charge may be assessed one (1) time regardless of how many times a check or an authorization to debit the borrower’s account may be submitted by the lender and dishonored.

(2) A lender may: (a) present a borrower’s check for payment; or (b) exercise a borrower’s authorization to debit the borrower’s account; not more than three (3) times.

IC 24-4.5-7-202

Amended by P.L. 69-2018,SEC. 26, eff. 7/1/2018.

Amended by P.L. 60-2016, SEC. 4, eff. 3/21/2016.

As added by P.L. 38-2002, SEC.1.

Amended by P.L. 73-2004, SEC.24; P.L. 213-2007, SEC.24; P.L. 217-2007, SEC.23; P.L. 90-2008, SEC.14.