Indiana § 25-34.1-7-10 Suspension of judgment debtor's license; repayment of fund; interest

Indiana Statutes

§ 25-34.1-7-10 — Suspension of judgment debtor's license; repayment of fund; interest

Indiana § 25-34.1-7-10

Title 25PROFESSIONS AND OCCUPATIONS

Art. 34.1REAL ESTATE BROKERS AND

Ch. 7Real Estate Recovery Fund

This text of Indiana § 25-34.1-7-10 (Suspension of judgment debtor's license; repayment of fund; interest) 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 § 25-34.1-7-10 (2026).

Text

(a)If the commission is required to make any payment from the real estate recovery fund in settlement of a claim or toward the satisfaction of an order under this chapter, the commission shall suspend the judgment debtor's license and, if the judgment debtor is licensed under IC 25-34.1-3-4.1, the license of the individual designated broker, under this article. The licensee is not eligible to be licensed again as a broker until the licensee has repaid in full the amount paid from the real estate recovery fund with interest of twelve percent (12%) per annum.

(b)A license suspension issued under this section must be done in accordance with IC 4-21.5-3-6. The licensee may petition for review under IC 4-21.5-3-7.

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(a) If the commission is required to make
any payment from the real estate recovery fund in settlement of a claim
or toward the satisfaction of an order under this chapter, the
commission shall suspend the judgment debtor's license and, if the
judgment debtor is licensed under IC 25-34.1-3-4.1, the license of the
individual designated broker, under this article. The licensee is not
eligible to be licensed again as a broker until the licensee has repaid in
full the amount paid from the real estate recovery fund with interest of
twelve percent (12%) per annum.
(b) A license suspension issued under this section must be done in
accordance with IC 4-21.5-3-6. The licensee may petition for review
under IC 4-21.5-3-7.