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§ 24-4-5-7-109 — Indiana Law | CourtGPT
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  4. Title 24 - Trade Regulation/
  5. Article 4.5 - Uniform Consumer Credit Code/
  6. Chapter 7 - Small Loans24-4.5-7-101. Citation/
  7. § 24-4-5-7-109
Indiana Legal Code

§ 24-4-5-7-109

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'Paid in full' means the termination of a small loan through:(1) the presentment of the borrower's check for payment by the drawee bank or the exercise by the lender of an authorization to debit an account of the borrower; or(2) the return of a check to a borrower who redeems it for consideration.As added by P.L.38-2002, SEC.1. Amended by P.L.73-2004, SEC.21; P.L.10-2006, SEC.13 and P.L.57-2006, SEC.13.