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#1586366 - 08/02/11 04:16 PM Indiana Code Table of Contents
Dan Persfull Offline
10K Club
Dan Persfull
Joined: Aug 2002
Posts: 46,635
Bloomington, IN
http://www.in.gov/legislative/ic/code/

Most lending related questions can be answered in Title 24. The UCC is Section 4.5 of that title.

Most "banking" related questions can be answered in Title 28.

Moat property related questions can be answered in Title 32.
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The opinions expressed are mine and they are not to be taken as legal advice.

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#1718280 - 07/09/12 07:25 PM Re: Indiana Code Table of Contents Dan Persfull
Dazed & Confused Offline
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Dazed & Confused
Joined: Oct 2011
Posts: 38
KY
This may be a duhhh question, but I'm not specifically finding it in the code. On a credit agreement and disclosure, do we actually have to state that the maximum rate is 21% or can we simply state "....Nor will the periodic rate or corresponding Annual Percentage Rate exceed the maximum rrate allowed by applicable law." I had an internal auditor ask me because we typically have the 21% on the disclosure, but it for some reason was not typed in on an agreement she was reviewing. Any comment appreciated. Thanks!

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#1718288 - 07/09/12 07:32 PM Re: Indiana Code Table of Contents Dan Persfull
Dan Persfull Offline
10K Club
Dan Persfull
Joined: Aug 2002
Posts: 46,635
Bloomington, IN
See Reg. Z 1026.30 and its Commentary.
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The opinions expressed are mine and they are not to be taken as legal advice.

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#1718720 - 07/10/12 08:18 PM Re: Indiana Code Table of Contents Dan Persfull
Dazed & Confused Offline
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Dazed & Confused
Joined: Oct 2011
Posts: 38
KY
Thank you Dan...that is exactly what I needed. I appreciate your expertise!

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#1720706 - 07/17/12 05:13 PM Re: Indiana Code Table of Contents Dan Persfull
BSABecky Offline
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BSABecky
Joined: Mar 2011
Posts: 126
Seymour, IN USA
Dan, I've been trying to search through Title 28's articles looking for information on Authorized Signers for individual accounts but I'm unable to find anything. Can you help narrow this down for me?

Thanks!
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#1721222 - 07/18/12 06:13 PM Re: Indiana Code Table of Contents Dan Persfull
Dan Persfull Offline
10K Club
Dan Persfull
Joined: Aug 2002
Posts: 46,635
Bloomington, IN
I'm not aware of any IN code that governs authorized users. The allowance of an authorized user is generally a contract between the bank and the account holder.

If there are any guidelines I would suspect they'd be found in the UCC.
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The opinions expressed are mine and they are not to be taken as legal advice.

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#1721342 - 07/18/12 08:31 PM Re: Indiana Code Table of Contents Dan Persfull
BSABecky Offline
100 Club
BSABecky
Joined: Mar 2011
Posts: 126
Seymour, IN USA
Thanks, Dan! I will check that out. smile
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