29 Hoosier Banker January 2016 About Compliance Connection In order to address compliance inquiries from members, IBA provides Compliance Connection, an assistance program offering advice on Indiana-specific compliance questions. If the matter requires legal advice, IBA Compliance Connection will refer the bank to a law firm. Acting as IBA’s compliance counsel is Brett J. Ashton, partner with Krieg DeVault LLP, Indianapolis, and chair of the firm’s financial institutions practice group. Submit Compliance Connection questions to IBA’s Amber R. Van Til at avantil@indianabankers.org or Josh Myers at jmyers@ indianabankers.org. This information is provided for general education purposes and is not intended to be legal advice. Please consult legal counsel for specific guidance as to how this information applies to your institution’s circumstances or situation. The Indiana Bankers Association was honored with three statewide awards presented by the Indiana Society of Association Executives (ISAE) at an awards ceremony held Dec. 10 in Carmel. The IBA won in the categories of Association Professional of the Year, Outstanding Individual Program/Event and Outstanding Non-Dues Revenue Program. Amber R. Van Til, IBA executive vice president, was named 2015 Association Professional of the Year for demonstrating outstanding dedication, innovation and leadership. Van Til joined the IBA in 2002 as lobbyist for the Community Bankers Association of Indiana, and since has served the Association as vice presidentgovernment relations and as senior vice president-government relations. In 2008 she won in the category of Banking & Financial Services for the Best & Brightest awards, sponsored by Junior Achievement of Central Indiana Inc. Van Til is a graduate of the University of Indianapolis, the Indiana University Robert H. McKinney School of Law, and the Graduate School of Banking at the University of Wisconsin (UW); additionally she has earned the certificate of executive leadership from the UW Wisconsin School of Business. In past years, five other IBA staff members have been IBA Wins Three Statewide Awards named ISAE Association Professional of the Year: Christina M. Bennett, Dax Denton, Paul W. Freeman, Laurie R. Rees and Laura Wilson; and S. Joe DeHaven was named ISAE Association Executive of the Year in 2010. The Outstanding Individual Program/Event award was presented to the IBA in recognition of the “FLD Day at the Statehouse,” hosted by IBA’s Future Leadership Division last March. Nearly 50 participants attended the daylong event, designed to help emerging bank leaders learn the basics of grassroots advocacy. The Day at the Statehouse featured presentations from Indiana elected officials and IBA staff, and culminated with a visit to the Statehouse for interaction with elected officials. The event was coordinated by Dax Denton, vice presidentgovernment relations, and Christina M. Bennett, CMP, vice presidentmeetings and events. The second annual FLD Day at the Statehouse has been scheduled for Feb. 9, 2016. The Outstanding NonDues Revenue Program award was granted to the Association in recognition of IBA marketing packages, which offer customized packages of marketing opportunities at a reduced cost to IBA associate members. Operating on a scale of efficiency, the marketing package program incentivizes associate members to commit to a set dollar amount annually, providing them the convenience of one-stop shopping, while streamlining IBA staff time investment. Over the past two years, IBA has increased total retail revenue by nearly 25 percent through its marketing packages; this non-dues income helps to keep bank member dues low. IBA marketing packages are administered by Rod Lasley, vice president products & services. t The Indiana Bankers Association won three statewide awards from the Indiana Society of Association Executives at a gala event in December. Displaying the awards are (left to right): Chris Bennett and Dax Denton, Outstanding Individual Program/Event;Amber Van Til, Association Professional of the Year; and Rod Lasley, Outstanding NonDues Revenue Program. the principal. Ind. Code § 24-4.5-3-508 provides a lender may contract for and receive a loan finance charge calculated according to the actuarial method, which may not exceed the equivalent of the greater of: (1) 36 percent per year on that part of the unpaid balances of the principal which is $2,000 or less; (2) 21 percent per year on that part of the unpaid balances of the principal which is more than 2,000 but does not exceed 4,000; and (3) 15 percent per year on that part of the unpaid balances of the principal which is more than $4,000, or 25 percent per year on the unpaid balances of the principal. 2 See Ind. Code § 24-4.5-3-201(9)(10). 3 See Ind. Code § 24-4.5-3-209.
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