Indiana Statutes
§ 23-2.5-8-10 — Prospective borrower funds; requirements
Indiana § 23-2.5-8-10
JurisdictionIndiana
Title 23BUSINESS AND OTHER ASSOCIATIONS
Art. 2.5LOAN BROKERS
Ch. 8Conduct of Business
This text of Indiana § 23-2.5-8-10 (Prospective borrower funds; requirements) 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 § 23-2.5-8-10 (2026).
Text
If a licensee or a person required to be licensed under this article possesses funds that belong to another person, including money received by or on behalf of a prospective borrower, the licensee or person required to be licensed shall:
(1)upon request of the prospective borrower, account for the
funds possessed for the prospective borrower;
(2)follow reasonable and lawful instructions from the prospective
borrower concerning the prospective borrower's funds; and
(3)return the prospective borrower's unspent funds to the
prospective borrower in a timely manner.
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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"Cite This Page — Counsel Stack
Bluebook (online)
Indiana § 23-2.5-8-10, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/23-2.5-8-10.