§ 24-4-5-2-111

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).Formerly: Acts 1971, P.L.366, SEC.3. As amended by P.L.122-1994, SEC.11.(Part 2. Maximum Charges)