Indiana § 25-6.1-8-10 Suspension of judgment debtor's license; repayment by licensee;
interest

Indiana Statutes

§ 25-6.1-8-10 — Suspension of judgment debtor's license; repayment by licensee; interest

Indiana § 25-6.1-8-10

Title 25PROFESSIONS AND OCCUPATIONS

Art. 6.1AUCTIONEERS AND AUCTIONS

Ch. 8Auctioneer Recovery Fund

This text of Indiana § 25-6.1-8-10 (Suspension of judgment debtor's license; repayment by licensee; 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 § 25-6.1-8-10 (2026).

Text

(a)If the commission is required to make any payment from the auctioneer 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. The licensee is not eligible to be licensed again as either an auctioneer or auction company until the licensee has repaid in full the amount paid from the auctioneer 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 auctioneer 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. The licensee
is not eligible to be licensed again as either an auctioneer or auction
company until the licensee has repaid in full the amount paid from the
auctioneer 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.