Indiana Statutes
§ 23-2.5-11-15 — Contempt of court; liability for damages; contract void
Indiana·Title 23 BUSINESS AND OTHER ASSOCIATIONS·Art. 2.5 LOAN BROKERS·Ch. 11 Violations and Civil Enforcement
(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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Legislative History
As added by P.L.175-2019, SEC.2.
Nearby Sections
15
§ 23-0.5-1-1
Short title§ 23-0.5-1-2
Application§ 23-0.5-1-3
Application; exceptions§ 23-0.5-1-4
Delivery of record§ 23-0.5-1-5
Rules and procedures§ 23-0.5-1-6
Terms dependent on facts ascertainable outside the plan or filed
document; articles of amendment§ 23-0.5-1.5-1
Application of definitions§ 23-0.5-1.5-10
"Filed record"§ 23-0.5-1.5-11
"Filing entity"§ 23-0.5-1.5-12
"Foreign"§ 23-0.5-1.5-13
"General partnership"§ 23-0.5-1.5-14
"Governance interest"§ 23-0.5-1.5-15
"Governing person"§ 23-0.5-1.5-16
"Interest"§ 23-0.5-1.5-17
"Interest holder"