Indiana High Cost High Cost Points and Fees Threshold Update

Indiana is updating its points and fees threshold for purposes of its high cost test on July 1, 2018 from $44,000 to $48,000.  This change occurs on even-numbered years.  Under Indiana Code § 24-9-2-8, beginning on July 1st, loan amounts under $48,000 may only have maximum points and fees of 6%.  For loans above $48,000, loans may only have maximum points and fees of 5%.