Indiana § 23-2.5-4-11 Financial responsibility of applicant

Indiana Statutes

§ 23-2.5-4-11 — Financial responsibility of applicant

Indiana § 23-2.5-4-11

Title 23BUSINESS AND OTHER ASSOCIATIONS

Art. 2.5LOAN BROKERS

Ch. 4License Issuance and Renewal

This text of Indiana § 23-2.5-4-11 (Financial responsibility of applicant) 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 § 23-2.5-4-11 (2026).

Text

In reviewing a consumer report obtained under section 3(b)(12) of this chapter, the commissioner may consider one (1) or more of the following in determining whether the individual applicant has demonstrated financial responsibility:

(1)Bankruptcies filed by the individual during the most recent ten

(10)years.

(2)Current outstanding civil judgments against the individual, except judgments resulting solely from medical expenses owed by the individual.

(3)Current outstanding tax liens or other government liens or filings.

(4)Foreclosure actions filed during the most recent three (3) years against property owned by the individual.

(5)Any pattern of seriously delinquent accounts associated with the individual during the most recent three (3) years.

Free access — add to your briefcase to read the full text and ask questions with AI

In reviewing a consumer report obtained
under section 3(b)(12) of this chapter, the commissioner may consider
one (1) or more of the following in determining whether the individual
applicant has demonstrated financial responsibility:
(1) Bankruptcies filed by the individual during the most recent ten
(10) years.
(2) Current outstanding civil judgments against the individual,
except judgments resulting solely from medical expenses owed by
the individual.
(3) Current outstanding tax liens or other government liens or
filings.
(4) Foreclosure actions filed during the most recent three (3) years
against property owned by the individual.
(5) Any pattern of seriously delinquent accounts associated with
the individual during the most recent three (3) years.