Limitation on default charges

Sec. 25. Except for reasonable expenses incurred in realizing on a security interest, the agreement with respect to a consumer credit sale may not provide for any charges as a result of default by the buyer other than those authorized by this article. A provision in violation of this section is unenforceable. [Pre-2026 Revision Citation: 24-4.5-2-414.] As added by P.L.115-2026, SEC.97.