republic-os/legislation/us/states/in/2020/sb-395.md

---
type: "Bill"
title: "Uniform Consumer Credit Code."
description: "Amends the Uniform Consumer Credit Code (UCCC) as follows: (1) Changes: (A) from July 1 of each even-numbered year to January 1 of each odd-numbered year the effective date for the adjustment, based on changes in the Consumer Price Index, of various dollar amounts set forth in the UCCC; and (B) the corresponding date that precedes the adjustment date and by which the department of financial institutions (department) must issue an emergency rule announcing the adjustment. (2) For an agreement for a consumer credit sale entered into after June 30, 2020: (A) authorizes a seller to contract for and receive a nonrefundable prepaid finance charge based on the amount financed, in addition to the credit service charge and any other authorized charges and fees; and (B) prohibits precomputed consumer credit sales. (3) Repeals a provision concerning the credit service charge for revolving charge accounts and relocates the language to the provision concerning the authorized credit service charge for consumer sales. (4) For an agreement for a consumer loan entered into after June 30, 2020: (A) changes the amount of the authorized nonrefundable prepaid finance charge from $50 to an amount that is not more than: (i) $75; (ii) $150; or (iii) $200; based on the amount financed, in the case of a consumer loan not secured by an interest in land; and (B) prohibits precomputed consumer loans. Makes conforming changes with respect to supervised loans. Changes from $1.50 to $3 the amount of the fee that a lessor in a rental purchase agreement may impose for accepting rental payments by telephone. Makes conforming technical amendments throughout the UCCC to reflect the bill's changes."
jurisdiction: "us/states/in"
legislature: "Indiana General Assembly"
session: "2020"
identifier: "SB 395"
citation: "Indiana SB 395 (2020)"
classification: ["bill"]
subjects: ["CONSUMER CREDIT AND PROTECTION (including UCCC)", "LOANS"]
status: "enacted"
primary_sponsors: ["Eric Bassler", "John Ruckelshaus", "Woody Burton"]
version_count: 4
action_count: 27
vote_count: 2
first_action: "2020-01-14"
last_action: "2020-03-18"
source: "openstates"
source_identifier: "ocd-bill/341f961f-ea11-44ef-b2db-19bc03a1cc55"
source_url: "http://iga.in.gov/legislative/2020/bills/senate/395"
source_hash: "fcbeb7a9616d1f5ef6f89ecad2bd6e0e590288ed496f6000e5d6d1c940356758"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-in"]
---

# Indiana SB 395 (2020) — Uniform Consumer Credit Code.

Amends the Uniform Consumer Credit Code (UCCC) as follows: (1) Changes: (A) from July 1 of each even-numbered year to January 1 of each odd-numbered year the effective date for the adjustment, based on changes in the Consumer Price Index, of various dollar amounts set forth in the UCCC; and (B) the corresponding date that precedes the adjustment date and by which the department of financial institutions (department) must issue an emergency rule announcing the adjustment. (2) For an agreement for a consumer credit sale entered into after June 30, 2020: (A) authorizes a seller to contract for and receive a nonrefundable prepaid finance charge based on the amount financed, in addition to the credit service charge and any other authorized charges and fees; and (B) prohibits precomputed consumer credit sales. (3) Repeals a provision concerning the credit service charge for revolving charge accounts and relocates the language to the provision concerning the authorized credit service charge for consumer sales. (4) For an agreement for a consumer loan entered into after June 30, 2020: (A) changes the amount of the authorized nonrefundable prepaid finance charge from $50 to an amount that is not more than: (i) $75; (ii) $150; or (iii) $200; based on the amount financed, in the case of a consumer loan not secured by an interest in land; and (B) prohibits precomputed consumer loans. Makes conforming changes with respect to supervised loans. Changes from $1.50 to $3 the amount of the fee that a lessor in a rental purchase agreement may impose for accepting rental payments by telephone. Makes conforming technical amendments throughout the UCCC to reflect the bill's changes.

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **Enrolled Senate Bill (S)** (committee substitute) — [source](http://in-proxy.openstates.org/2020/bills/SB0395/versions/SB0395.04.ENRH)
2. **Introduced Senate Bill (S)** (committee substitute) — [source](http://in-proxy.openstates.org/2020/bills/SB0395/versions/SB0395.01.INTR)
3. **Senate Bill (H)** (committee substitute) — [source](http://in-proxy.openstates.org/2020/bills/SB0395/versions/SB0395.02.COMS)
4. **Senate Bill (S)** (committee substitute) — [source](http://in-proxy.openstates.org/2020/bills/SB0395/versions/SB0395.03.COMH)

## Votes

- SB 395 - Bassler - 3rd Reading — **40–9** (pass) · upper
- SB 395 - Burton - 3rd Reading — **77–17** (pass) · lower

## Sponsors

- Eric Bassler — primary (person)
- John Ruckelshaus — primary (person)
- Woody Burton — primary (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2020-01-14** Authored by Senator Bassler
- **2020-01-14** First reading: referred to Committee on Insurance and Financial Institutions `reading-1, referral-committee`
- **2020-01-30** Committee report: amend do pass, adopted `committee-passage`
- **2020-02-03** Senator Ruckelshaus added as second author
- **2020-02-03** Second reading: ordered engrossed `reading-2`
- **2020-02-04** Third reading: passed; Roll Call 178: yeas 40, nays 9 `reading-3, passage`
- **2020-02-04** House sponsor: Representative Burton
- **2020-02-05** Referred to the House
- **2020-02-11** First reading: referred to Committee on Financial Institutions `reading-1, referral-committee`
- **2020-02-25** Committee report: amend do pass, adopted `committee-passage`
- **2020-03-02** Second reading: ordered engrossed `reading-2`
- **2020-03-03** Third reading: passed; Roll Call 295: yeas 77, nays 17 `reading-3, passage`
- **2020-03-04** Returned to the Senate with amendments `amendment-failure`
- **2020-03-05** Motion to dissent filed
- **2020-03-05** Senate dissented from House amendments `amendment-failure`
- **2020-03-09** Senate conferees appointed: Bassler and Breaux
- **2020-03-09** Senate advisors appointed: Ruckelshaus and Ford J.D.
- **2020-03-09** House conferees appointed: Burton and Hamilton
- **2020-03-09** House advisors appointed: Heaton, Lehman, VanNatter, Chyung and Shackleford
- **2020-03-10** Dissent rescinded
- **2020-03-10** Motion to concur filed
- **2020-03-10** Rules Suspended. Senate concurred in House amendments; Roll Call 355: yeas 40, nays 7 `amendment-failure`
- **2020-03-12** Signed by the President Pro Tempore
- **2020-03-16** Signed by the Speaker
- **2020-03-18** Signed by the President of the Senate
- **2020-03-18** Signed by the Governor `executive-signature`
- **2020-03-18** Public Law 85

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/341f961f-ea11-44ef-b2db-19bc03a1cc55`. Confidence: reported (aggregated from official Indiana legislature records).