Indiana § 25-34.1-8-7.5 Investigative fund; administration by attorney general and professional
licensing agency

Indiana Statutes

§ 25-34.1-8-7.5 — Investigative fund; administration by attorney general and professional licensing agency

Indiana § 25-34.1-8-7.5

Title 25PROFESSIONS AND OCCUPATIONS

Art. 34.1REAL ESTATE BROKERS AND

Ch. 8Real Estate Appraiser Licensure and Certification Board

This text of Indiana § 25-34.1-8-7.5 (Investigative fund; administration by attorney general and professional licensing agency) 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 § 25-34.1-8-7.5 (2026).

Text

5.

(a)The investigative fund is established to provide funds for administering and enforcing the provisions of this article, including investigating and taking enforcement action against real estate fraud and real estate appraisal fraud. The fund shall be administered by the attorney general and the professional licensing agency.

(b)The expenses of administering the fund shall be paid from the money in the fund. The fund consists of:

(1)money from a fee imposed upon licensed or certified appraisers and real estate brokers under IC 25-34.1-2-7 and IC 25-34.1-3-9.5;

(2)civil penalties deposited in the fund under IC 24-5-23.5-9(d);

(3)registration fees imposed on appraisal management companies under IC 25-34.1-11-15; and

(4)civil penalties deposited under IC 25-34.1-11-17.

(c)The treas

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5. (a) The investigative fund is established
to provide funds for administering and enforcing the provisions of this
article, including investigating and taking enforcement action against
real estate fraud and real estate appraisal fraud. The fund shall be
administered by the attorney general and the professional licensing
agency.
(b) The expenses of administering the fund shall be paid from the
money in the fund. The fund consists of:
(1) money from a fee imposed upon licensed or certified
appraisers and real estate brokers under IC 25-34.1-2-7 and IC 25-34.1-3-9.5;
(2) civil penalties deposited in the fund under IC 24-5-23.5-9(d);
(3) registration fees imposed on appraisal management companies
under IC 25-34.1-11-15; and
(4) civil penalties deposited under IC 25-34.1-11-17.
(c) The treasurer of state shall invest the money in the fund not
currently needed to meet the obligations of the fund in the same
manner as other public money may be invested.
(d) Except as otherwise provided in this subsection, money in the
fund at the end of a state fiscal year does not revert to the state general
fund. If the total amount in the investigative fund exceeds seven
hundred fifty thousand dollars ($750,000) at the end of a state fiscal
year after payment of all claims and expenses, the amount that exceeds
seven hundred fifty thousand dollars ($750,000) reverts to the state
general fund.
(e) Money in the fund is continually appropriated for use by the
attorney general and the licensing agency to administer and enforce the
provisions of this article and to conduct investigations and take
enforcement action against real estate and appraisal fraud under this
article. The attorney general shall receive five dollars ($5) of each fee
collected under IC 25-34.1-2-7 and IC 25-34.1-3-9.5, and the licensing
agency shall receive any amount that exceeds five dollars ($5) of each
fee collected under IC 25-34.1-2-7 and IC 25-34.1-3-9.5.