5-3-106, and without regard to whether the person making the loan is regularly engaged in making consumer loans, consumer credit sales, or consumer leases.'Principal' includes the monetary value of property which has been loaned from one (1) person to another person.'Rate' means the monetary value of the consideration received per annum or due per annum, calculated according to the actuarial method on the unpaid balance of the principal.As added by Acts 1980, P.L.207, SEC.1. Amended by P.L.247-1983, SEC.24.
Indiana Legal Code