Applicability of notification requirements and fees

Sec. 24. (a) This section and sections 25 and 26 of this chapter apply to a person, including a depository institution, but not including a collection agency licensed under IC 25-11-1, engaged in Indiana in any of the following: (1) Making consumer credit sales, consumer leases, or consumer loans. (2) Taking assignments of rights against debtors that arise from sales, leases, or loans by a person having an office or a place of business in Indiana. (3) Undertaking direct collection of payments from the debtors or enforcement of rights against the debtors. (4) Placing consumer credit insurance, receiving commissions for consumer credit insurance, or acting as a limited line credit insurance producer in the sale of consumer credit insurance. (5) Selling insurance or other benefits, the charges for which are approved by the department as additional charges under IC 37-2-3-5 or IC 37-2-4-5. (b) This section and sections 25 and 26 of this chapter are not applicable to a seller whose credit sales consist entirely of sales made pursuant to a seller credit card issued by a person other than the seller if the issuer of the card has complied with the provisions of this section and sections 25 and 26 of this chapter. (c) This section and sections 25 and 26 of this chapter apply to a seller whose credit sales are made using credit cards that: (1) are issued by a lender; (2) are in the name of the seller; and (3) can be used by the buyer or lessee only for purchases or leases at locations of the named seller.