Indiana Code Title 24. Trade Regulation § 24-4.5-3-511

Sec. 511. Regular Schedule of Payments;  Maximum Loan Term--(1) Supervised loans not made pursuant to a revolving loan account and in which the principal is four thousand dollars ($4,000) or less are payable in a single instalment or shall be scheduled to be payable in substantially equal instalments that are payable at equal periodic intervals, except to the extent that the schedule of payments is adjusted to the seasonal or irregular income of the debtor, and:

(2) The amounts of three hundred dollars ($300) and four thousand dollars ($4,000) in subsection (1) are subject to change pursuant to the provisions on adjustment of dollar amounts (IC 24-4.5-1-106).  However, notwithstanding IC 24-4.5-1-106(1), the Reference Base Index to be used with respect to the amount of: