title-750-article-0.1•750 IAC 0.1 — ARTICLE 0.1. CURRENT TEMPORARY RULES
750 IAC 0.1 — ARTICLE 0.1. CURRENT TEMPORARY RULES
title-750-article-0.1750 IAC 0.1Regulation
CURRENT TEMPORARY RULES
DISCLAIMER
As an aid to legal research, this document provides a list of currently effective temporary rules adopted by state agencies in the manner set forth in IC 4-22-2-37.1 and IC 4-22-2-37.2. While every effort has been made to ensure the accuracy of the list, this list may not provide an exhaustive enumeration of currently effective temporary rules. This list is not intended to be a substitute for traditional legal research. Exclusion of an temporary rule from this list does not affect the validity of the temporary rule. This list does not, itself, establish authority for the adoption of rules.
LSA Document #24-266 20240925-IR-750240266IFA
Interim Final Rule: Amends rules at 750 IAC 1-1-1 concerning adjustments to multiple dollar amounts.
Effective September 13, 2024.
Expires January 1, 2027.
Indiana Register 20240925-IR-750240266IFA LSA Document 240266
TITLE 750 DEPARTMENT OF FINANCIAL INSTITUTIONS
Interim Final Rule
LSA Document #24-266
DIGEST
UNIFORM CONSUMER CREDIT CODE
Amends rules at 750 IAC 1-1-1 concerning adjustments to multiple dollar amounts. Effective September 13, 2024. Expires January 1, 2027.
HISTORY
Notice of Public Comment Period for Interim Rule published August 7, 2024: 20240807-IR-750240266INA
Regulatory Analysis submitted with Notice of Public Comment Period for Interim Rule: 20240807-IR-750240266RAA
Governor's Approval submitted with Notice of Public Comment Period for Interim Rule: 20240807-IR-750240266GAA
CITATIONS AFFECTED: 750 IAC 1-1-1
SUMMARY/RESPONSE TO COMMENTS
The Indiana Department of Financial Institutions (DFI) requested public comment on the proposed interim rule from August 7, 2024, through September 6, 2024. The DFI received no comments in response to the Notice of Public Comment Period for Interim Rule.
INTERIM RULE
SECTION 1. 750 IAC 1-1-1 IS AMENDED TO READ AS FOLLOWS:
750 IAC 1-1-1 Dollar amounts in consumer credit code, home loan practices, and bankruptcy exemptions
Authority: IC 24-4.5-1-106; IC 24-4.5-6-107
Affected: IC 24-4.5; IC 24-9-2-8; IC 34-55-10-2; IC 34-55-10-2.5
Sec.1. (a) The dollar amounts in IC 24-4.5, which are required to be adjusted by IC 24-4.5-1-106, as amended, shall, on January 1, 2023 be as set forth in 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) | Graduated rate (sales) | |
| IC 24-4.5-2-201(10) | Minimum credit service charge | |
| IC 24-4.5-2-203.5(1)(a) | Delinquency charge (sales) | |
| IC 24-4.5-2-407(4) | Security interest (sales or leases) | |
| IC 24-4.5-3-201(8) | Minimum loan finance charge | |
| IC 24-4.5-3-203.5(1)(a) | Delinquency charge (loans) | |
| IC 24-4.5-3-508(6) | Graduated rate (supervised loans) | |
| IC 24-4.5-3-508(6) | Minimum loan finance charge | |
| IC 24-4.5-3-510(2) | Land as security (loans) | |
| IC 24-4.5-3-511(2) | Maximum loan term | |
| IC 24-4.5-4-301(4) | Property insurance | |
| IC 24-4.5-5-103(7) | Deficiency judgment | |
| IC 24-4.5-7-104(2) | Principal loan amount | |
| IC 24-4.5-7-201(4) | Graduated rate scale | |
| IC 24-4.5-7-404(3) | Combined loan amounts |
(b) The dollar amount change which is required to be adjusted by IC 24-9-2-8, as amended, shall be is as follows:
| Amended | Dollar Amounts | Provisions Relating To |
|---|---|---|
| IC 24-9-2-8 | 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, shall on beginning March 1, 2022, be are as follows (and next subject to adjustment no 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 |
(Department of Financial Institutions; Uniform Consumer Credit Reg No. 1, Sec I; filed Jul 6, 1978, 9:30 a.m.: 1 IR 393, eff Jul 1, 1978; filed Oct 15, 1980, 2:30 p.m.: 3 IR 2189, eff Jul 1, 1980; filed Apr 20, 1982: 5 IR 1194, eff Jul 1, 1982; filed Apr 11, 1984, 2:45 p.m.: 7 IR 1257, eff Jul 1, 1984; emergency rule filed Apr 25, 1986, 3:40 p.m.: 9 IR 2210, eff Jul 1, 1986; emergency rule filed Sep 5, 1986, 10:05 a.m.: 10 IR 81, eff Sep 5, 1986; filed Jan 6, 1987, 10:10 a.m.: 10 IR 1083; emergency rule filed Mar 28, 1988, 1:37 p.m.: 11 IR 2905, eff Jul 1, 1988; emergency rule filed May 14, 1992, 2:00 p.m.: 15 IR 2267, eff Jul 1, 1992; emergency rule filed Mar 21, 1994, 10:30 a.m.: 17 IR 1917, eff Jul 1, 1994; emergency rule filed Mar 18, 1996, 10:05 a.m.: 19 IR 2092, eff Jul 1, 1996; emergency rule filed Mar 17, 1998, 11:20 a.m.: 21 IR 3026, eff Jul 1, 1998; emergency rule filed Mar 14, 2002, 1:38 p.m.: 25 IR 2540, eff Jul 1, 2002; emergency rule filed Feb 16, 2004, 11:24 a.m.: 27 IR 2297, eff Jul 1, 2004; emergency rule filed Mar 13, 2006, 1:25 p.m.: 29 IR 2583, eff Jul 1, 2006; emergency rule filed Feb 22, 2008, 12:10 p.m.: 20080305-IR-750080119ERA, eff Jul 1, 2008; emergency rule filed Feb 11, 2010, 2:52 p.m.: 20100224-IR-750100103ERA; errata filed Apr 28, 2010, 10:12 a.m.: 20100512-IR-750100103ACA; emergency rule filed May 1, 2012, 2:20 p.m.: 20120509-IR-750120211ERA, eff Jul 1, 2012; emergency rule filed Apr 17, 2014, 3:55 p.m.: 20140423-IR-750140132ERA, eff Jul 1, 2014; emergency rule filed Apr 30, 2014, 9:12 a.m.: 20140507-IR-750140141ERA, eff Jul 1, 2014; emergency rule filed Jun 2, 2014, 10:44 a.m.: 20140611-IR-750140202ERA, eff Jul 1, 2014; emergency rule filed Mar 1, 2016, 1:49 p.m.: 20160309-IR-750160091ERA; emergency rule filed Mar 23, 2016, 2:41 p.m.: 20160330-IR-750160132ERA; emergency rule filed Mar 15, 2018, 12:21 p.m.: 20180321-IR-750180155ERA, eff Jul 1, 2018; emergency rule filed Oct 15, 2020, 12:36 p.m.: 20201021-IR-750200549ERA, eff Jan 1, 2021; emergency rule filed February 11, 2022, 8:22 a.m.: 20220216-IR-750220037ERA, eff Mar 1, 2022; emergency rule filed Jul 14, 2022, 2:56 p.m.: 20220720-IR-750220234ERA, eff Jan 1, 2023; interim final rule filed Sep 13, 2024, 10:12 a.m.: 20240925-IR-750240266IFA)
SECTION 2. This rule expires January 1, 2027.
LSA Document #24-266 (F)
Approved by Governor: July 23, 2024
Filed with Publisher: September 13, 2024, 10:12 a.m.
Documents Incorporated by Reference: None Received by Publisher
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