Took me a bit but I finally found it. The following is from the DFI in response to my same inquiry in 2002. Mark Tarpey retired a couple of years ago.
-----Original Message-----
From: Mark Tarpey [mailto:mtarpey@DFI.state.in.us]
Sent: Monday, December 2, 2002 9:27 AM
To: Dan Persfull <>
Subject:
Additional charges on a home equity line would be limited to those authorized by IC 24-4.5-3-202. There is no provision for a stop payment fee under a loan account.
IC 24-4.5-3-203.5 does provide for a late charge of what is $16 as of 7/1/02 on any payment not made in full within 10 days of the due date as long as your contract provides for it. This is for all accounts open end, closed end, etc. First mortgage loans are not under this provision and can be in whatever amount as long as it is properly contracted for and disclosed.
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The opinions expressed are mine and they are not to be taken as legal advice.