yourstate.us
Home / Indiana / Taxation
Ind. Code § 6-5.5-1-21

"Loans arising in factoring"

Indiana · Indiana Code Title 6 — Taxation · Status: effective

Get this as JSONEmbed this
Cite this
Citation
Ind. Code § 6-5.5-1-21, "Loans arising in factoring", Indiana, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1613655
Permanent ID
ys:prov:1613655@1
SHA-256
6344285165c250105136a3d5015281b78e30de7a7b10ccd501740ca7852add94

The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.

Full text

Sec. 21. (a) "Loans arising in factoring" means: (1) a loan or extension of credit secured by one (1) or more accounts receivable; or (2) a sale of one (1) or more accounts receivable in which the purchaser has recourse against the seller for an uncollected accounts receivable. (b) The term does not refer to: (1) a sale of one (1) or more accounts receivable without recourse; or (2) an assignment of an account receivable.