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Ind. Code § 35-45-7-2

Loansharking

Indiana · Indiana Code Title 35 — Criminal Law and Procedure · Status: effective

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Ind. Code § 35-45-7-2, Loansharking, Indiana, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1680993
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Sec. 2. A person who, in exchange for the loan of any property, knowingly or intentionally receives or contracts to receive from another person any consideration, at a rate greater than two (2) times the rate specified in IC 37-2-4-35(b)(1)(A), commits loansharking, a Level 6 felony. However, loansharking is a Level 5 felony if force or the threat of force is used to collect or to attempt to collect any of the property loaned or any of the consideration for the loan.