Ind. Code § 28-2-5-2
Determination of need for low cost loans; interest rate
Indiana · Indiana Code Title 28 — Financial Institutions · Status: effective
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- Citation
- Ind. Code § 28-2-5-2, Determination of need for low cost loans; interest rate, Indiana, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1666032
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Full text
Sec. 2. If the board of public depository determines that low cost loans are needed for use of the victims of the disaster it shall, by rule or regulation, establish interest rates of not less than one per cent (1%) nor more than five per cent (5%) for terms of not less than six (6) months nor more than seventy-two (72) months' duration, unless the board in anticipation of the possibility of any such disaster, has, in the manner provided by law, already put into effect such rules and regulations in compliance with the provisions of this chapter.