Indiana rewrites its consumer lending code into a single new title

Indiana's tangle of consumer-finance statutes is getting consolidated into a single new title of the state code, under a recodification bill (SB0169) signed by the governor on March 4 as Public Law 115. The measure repeals the laws governing first lien mortgage lending, small loans, mortgage rescue protection fraud, home loan practices, and the Uniform Consumer Credit Code, then moves them into a freshly drafted Title 37.

The substance of consumer protections isn't being rewritten. The bill conforms the structure to the General Assembly's drafting manual and updates cross references throughout the code so existing rules read in one place rather than scattered across separate titles.

Sen. Baldwin sponsored the bill, which moved with little opposition. The Senate passed it 43-1 on January 22, the House 93-1 on February 23, and the Senate concurred 46-0 on February 25. Two additional legislators signed on as sponsors.