(1) With respect to a loan other than a consumer loan, the parties
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may contract for the payment by the debtor of a loan finance charge not in excess of that permitted by this Section if: (a) the principal is Twenty-Five Thousand Dollars ($25,000.00), or less; and (b) the debtor is either (i) a person other than an organization or (ii) an organization if the debt is secured primarily by a security interest in one (1) or two (2) family dwelling occupied by a person related to the organization. (2) With respect to a loan other than one pursuant to a revolving loan account the parties may contract for the payment by the debtor of a loan finance charge not in excess of twenty-four percent (24%) per year calculated on the unpaid balances of the principal according to the United States rule. (3) With respect to a loan pursuant to a revolving loan account, the parties may contract for the payment by the debtor of a loan finance charge not in excess of that permitted by the provisions on loan finance charge for revolving loan accounts (§ 3509). (4) The amount of Twenty-Five Thousand Dollars ($25,000.00) in Subsection (1) is subject to change pursuant to the provisions on adjust- ment of dollar amounts (§ 1106). SOURCE: Subsection (2) amended by P.L. 16-32.