IN HB1083

Increases the dollar thresholds for graduated credit service charges on consumer credit sales from $300/$1,000 to $2,000/$4,000, with 36% allowed on amounts up to $2,000, 21% on amounts between $2,000 and $4,000, and 15% on amounts over $4,000

Raises the maximum flat-rate credit service charge and loan finance charge from 21% to 25% per year when graduated percentages do not apply

Sets a flat $50 loan origination fee for both consumer loans (non-supervised) and supervised loans, replacing the previous 2% of loan amount fee structure for consumer loans

Increases monthly billing cycle charge limit for revolving loan accounts from 1.75% to 2.083% of the unpaid balance

Effective date of July 1, 2013