in-20260701-IR-750260204INA: UNIFORM CONSUMER CREDIT CODE

TITLE 750 DEPARTMENT OF FINANCIAL INSTITUTIONS Notice of Public Comment Period for Interim Rule LSA Document #26-204 UNIFORM CONSUMER CREDIT CODE PURPOSE OF NOTICE The Department of Financial Institutions (DFI) is soliciting public comment on temporarily amending rules at 750 IAC 1-1-1 concerning adjustments to multiple dollar amounts in consumer lending. ADDITIONAL DOCUMENTS Governor's Approval: 20260701-IR-750260204GAA Regulatory Analysis: 20260701-IR-750260204RAA CITATIONS AFFECTED: 750 IAC 1-1-1 AUTHORITY: IC 4-22-2.3-6; IC 37-2-1-5; IC 37-2-7-7 OVERVIEW Basic Purpose and Background The Indiana General Assembly enacted Senate Bill 169 during the 2026 legislative session. The measure was signed into law by Governor Braun on March 5, 2026. The legislation repeals existing provisions of the Indiana Code that provide current authority for this rulemaking. In place of the repealed provisions, the General Assembly recodified the statutory framework into a newly created Title 37 of the Indiana Code, including the newly recodified rulemaking authority. The statutory changes established under Senate Bill 169 take effect July 1, 2026. The proposed interim rule amends 750 IAC 1-1-1. In this rulemaking, there are amendments to dollar amounts for eight (8) provisions in the Uniform Consumer Credit Code under IC 37-2, three (3) provisions in small loans under IC 37-3, and one (1) provision for high-cost home loans under IC 37-5-2-8. The dollar amounts are adjusted every two (2) years to account for inflation, based on a formula set forth in IC 37-2-1-5, effective July 1, 2026. Creditors and debtors will be affected by the rulemaking. Statement Justifying Requirement or Cost DFI determined that the proposed interim rule, as amended, will impose no additional requirements or costs on a regulated entity. As set forth in IC 37-2-1-5, DFI relied on the Consumer Price Index for urban wage earners in setting the proposed adjusted dollar amounts. The implementation costs of the proposed rule are not expected to exceed the threshold set in IC 4-22-2-22.7(c)(6). REQUEST FOR PUBLIC COMMENT DFI is soliciting public comment on the proposed interim rule. Comments may be submitted in one of the following ways: COMMENT PERIOD DEADLINE All comments must be postmarked or time-stamped not later than July 31, 2026. The rule, Regulatory Analysis, appendices referenced in the Regulatory Analysis and Statement Justifying Requirement or Cost, and materials incorporated by reference (if applicable) are on file at the Department of Financial Institutions, 30 South Meridian Street, Suite 200, Indianapolis, Indiana and are available for public inspection. Copies of the rule, Regulatory Analysis, and appendices referenced in the Regulatory Analysis and Statement Justifying Requirement or Cost are available at the Department of Financial Institutions office. PROPOSED INTERIM RULE Sec. 1. (a) The dollar amounts in IC 24-4.5 IC 37-2, which are required to be adjusted by IC 24-4.5-1-106 IC 37-2-1-5, as amended, beginning January 1, 2025, January 1, 2027, 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) IC 37-2-3-4(i) 2,600/5,200 Graduated rate (sales) IC 24-4.5-2-201(10) IC 37-2-3-4(j) 63 66 Minimum credit service charge IC 24-4.5-2-203.5(1)(a) IC 37-2-3-6(a)(1) 21.5 22 Delinquency charge (sales) IC 24-4.5-2-407(4) IC 37-2-3-17(d) 1,290 1,320/5,200 Security interest (sales or leases) IC 24-4.5-3-201(8) IC 37-2-4-4(h) 63 66 Minimum loan finance charge IC 24-4.5-3-203.5(1)(a) IC 37-2-4-6(a)(1) 21.5 22 Delinquency charge (loans) IC 24-4.5-3-508(6) IC 37-2-4-35(f) 2,600/5,200 Graduated rate (supervised loans) IC 24-4.5-3-508(6) IC 37-2-4-35(f) 63 66 Minimum loan finance charge IC 24-4.5-3-510(2) IC 37-2-4-37(b) 5,200 Land as security (loans) IC 24-4.5-3-511(2) IC 37-2-4-38(b) 1,290 1,320/5,200 Maximum loan term IC 24-4.5-4-301(4) IC 37-2-5-14(d) 1,290 1,320 Property insurance IC 24-4.5-5-103(7) IC 37-2-6-1(g) 5,200 Deficiency judgment (b) The dollar amounts in IC 37-3, which are required to be adjusted by IC 37-2-1-5, as amended, beginning January 1, 2027, are as follows for each of the following Indiana Code sections: Amended Dollar Amounts Provisions Relating To IC 24-4.5-7-104(2) IC 37-3-2-10(b) 825 880 Principal loan amount IC 24-4.5-7-201(4) IC 37-3-3-2(d) 825 880 Graduated rate scale IC 24-4.5-7-404(3) IC 37-3-3-8(c) 825 880 Combined loan amounts (b) (c) The dollar amount change required to be adjusted by IC 24-9-2-8, IC 37-5-2-8, as amended, is as follows: Amended Dollar Amounts Provisions Relating To IC 24-9-2-8 IC 37-5-2-8 60,000 64,000 High cost home loan (c) (d) 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, beginning March 1, 2022, are as follows (and next subject to adjustment 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 LSA Document #26-204 Documents Incorporated by Reference: None Received by Publisher