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Indiana Code Title 24. Trade Regulation § 24-4.5-2-111

Current as of January 02, 2024 | Updated by Findlaw Staff

Sec. 111. Definition:  “Amount Financed”--“Amount financed” means the total of the following to the extent that payment is deferred:

(1) the cash price of the goods, services, or interest in land less the amount of down payment whether made in cash or property;

(2) the amount actually paid or to be paid by the seller pursuant to an agreement with the buyer to discharge a security interest or lien on property traded in;  and

(3) if not included in the cash price:

(a) any applicable sales, use, excise or documentary fees;

(b) amounts actually paid or to be paid by the seller for registration, certificate of title, or license fees;  and

(c) additional charges permitted by this Chapter (IC 24-4.5-2-202).

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Cite this article: FindLaw.com - Indiana Code Title 24. Trade Regulation § 24-4.5-2-111 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-24-trade-regulation/in-code-sect-24-4-5-2-111/

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