Sec. 2. (a) With respect to a CPAP transaction, a CPAP provider may impose the following: (1) A fee that is: (A) calculated at an annual rate that does not exceed thirty-six percent (36%) of the funded amount; and (B) earned at consummation and each year after consummation on the anniversary of the funding date, in the case of a CPAP transaction offered or entered into after June 30, 2019. (2) A servicing charge that is: (A) calculated at an annual rate that does not exceed seven percent (7%) of the funded amount; and (B) earned at consummation and each year after consummation on the anniversary of the funding date, in the case of a CPAP transaction offered or entered into after June 30, 2019. (3) With respect to any one (1) civil proceeding, total charges that do not exceed five hundred dollars ($500) for obtaining and preparing documents, in the case of a CPAP transaction offered or entered into after June 30, 2019. (4) The following with respect to a CPAP transaction offered or entered into after June 30, 2016, and before July 1, 2019: (A) If the funded amount of the CPAP transaction is less than five thousand dollars ($5,000), a one (1) time charge that does not exceed two hundred fifty dollars ($250) for obtaining and preparing documents. (B) If the funded amount of the CPAP transaction is at least five thousand dollars ($5,000), a one (1) time charge that does not exceed five hundred dollars ($500) for obtaining and preparing documents. (b) A CPAP provider may not assess, or collect from the consumer claimant, any fee or charge not otherwise permitted under this chapter in connection with a CPAP transaction. The fees and charges permitted under this chapter are not subject to refund or rebate. IC 24-12-5 Chapter 5. Violations 24-12-5-1 Enforcement by department of financial institutions 24-12-5-2 Court's determination of intentional violation; CPAP provider entitled to funded amount only
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