Key facts
| Measure | Figure |
|---|---|
| Notice period[1] | 30 daysYear 2026 |
- Civil damages ruleIf the full check amount is not paid within 30 days after certified mailing of written notice of nonpayment, the court awards 3 times the face amount for a check of 250 dollars or less, or the face amount plus 500 dollars for a larger check, under Ind. Code Section 26-2-7-6, on top of 18 percent annual interest, court costs and collection costs under Section 26-2-7-5.[1]
- Statute citationInd. Code Chapter 26-2-7, penalties for stopping payments or permitting dishonor of checks and drafts[1]
Lending rules in Indiana: Indiana lending laws.