Sec. 111. Definition: "Amount Financed" — "Amount financed" means the total of the following to the extent that payment is deferred: (1) the cash price of the goods, services, or interest in land less the amount of down payment whether made in cash or property; (2) the amount actually paid or to be paid by the seller pursuant to an agreement with the buyer to discharge a security interest or lien on property traded in; and (3) if not included in the cash price: (a) any applicable sales, use, excise or documentary fees; (b) amounts actually paid or to be paid by the seller for registration, certificate of title, or license fees; and (c) additional charges permitted by this Chapter ( IC 24-4.5-2-202 ). Formerly: Acts 1971, P.L.366, SEC.3. As amended by P.L.122-1994, SEC.11. (Part 2. Maximum Charges)
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