Indiana § 23-2.5-11-15 Contempt of court; liability for damages; contract void

Indiana Statutes

§ 23-2.5-11-15 — Contempt of court; liability for damages; contract void

Indiana § 23-2.5-11-15

Title 23BUSINESS AND OTHER ASSOCIATIONS

Art. 2.5LOAN BROKERS

Ch. 11Violations and Civil Enforcement

This text of Indiana § 23-2.5-11-15 (Contempt of court; liability for damages; contract void) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 23-2.5-11-15 (2026).

Text

(a)If a person fails, refuses, or neglects to comply with a court order under this chapter, the person must be held in contempt of court.

(b)A person who violates this article or a rule adopted under this article, in connection with a contract for the activities of a loan broker, is liable to a person damaged by the violation for:

(1)the amount of the actual damages suffered;

(2)interest at the legal rate; and

(3)attorney's fees.

(c)If a person violates this article, or a rule adopted under this article, in connection with a contract for the activities of a loan broker, the contract is void, and the prospective borrower is entitled to receive from the loan broker all sums paid to the loan broker.

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(a) If a person fails, refuses, or neglects to
comply with a court order under this chapter, the person must be held
in contempt of court.
(b) A person who violates this article or a rule adopted under this
article, in connection with a contract for the activities of a loan broker,
is liable to a person damaged by the violation for:
(1) the amount of the actual damages suffered;
(2) interest at the legal rate; and
(3) attorney's fees.
(c) If a person violates this article, or a rule adopted under this
article, in connection with a contract for the activities of a loan broker,
the contract is void, and the prospective borrower is entitled to receive
from the loan broker all sums paid to the loan broker.