Section 24-4.5-2-111 - "Amount financed"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). (Part 2. Maximum Charges)
(Formerly: Acts1971 , P.L. 366, SEC.3.) As amended by P.L. 122-1994, SEC.11.