Loansharking
Sec. 2. A person who, in exchange for the loan of any property,
knowingly or intentionally receives or contracts to receive from
another person any consideration, at a rate greater than two (2) times
the rate specified in IC 24-4.5-3-508(2)(a)(i), commits loansharking,
a Class D felony. However, loansharking is a Class C felony if force
or the threat of force is used to collect or to attempt to collect any of
the property loaned or any of the consideration for the loan.
As added by Acts 1980, P.L.207, SEC.1.
Last modified: May 24, 2006