Indiana § 28-1-29-7.5 Felonies; civil actions; enforcement actions; notice to department

Indiana Statutes

§ 28-1-29-7.5 — Felonies; civil actions; enforcement actions; notice to department

Indiana § 28-1-29-7.5

Art. 1DEPARTMENT OF FINANCIAL INSTITUTIONS

Ch. 29Debt Management Companies

This text of Indiana § 28-1-29-7.5 (Felonies; civil actions; enforcement actions; notice to department) 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 § 28-1-29-7.5 (2026).

Text

5.

(a)This section applies if, after a person has been issued a license or renewal license under this chapter, any individuals described in section 5(b)(2), 5(b)(3), or 5(b)(4) of this chapter have been convicted of a felony under Indiana law or the laws of any other jurisdiction.

(b)If this section applies, the licensee shall provide to the department the information required under section 5(c) of this chapter:

(1)not later than thirty (30) days after any person described in subsection (a) has been convicted of the felony; or

(2)if the licensee's next license renewal fee under section 3(d) of this chapter is due before the date described in subdivision (1), along with the licensee's next license renewal fee under section 3(d) of this chapter.

(c)Not later than thirty (30) days after

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5. (a) This section applies if, after a person
has been issued a license or renewal license under this chapter, any
individuals described in section 5(b)(2), 5(b)(3), or 5(b)(4) of this
chapter have been convicted of a felony under Indiana law or the laws
of any other jurisdiction.
(b) If this section applies, the licensee shall provide to the
department the information required under section 5(c) of this chapter:
(1) not later than thirty (30) days after any person described in
subsection (a) has been convicted of the felony; or
(2) if the licensee's next license renewal fee under section 3(d) of
this chapter is due before the date described in subdivision (1),
along with the licensee's next license renewal fee under section
3(d) of this chapter.
(c) Not later than thirty (30) days after a licensee has been served
with notice of a civil action that is for the violation of this chapter by
the licensee (or by an employee or agent of the licensee) and that is
brought by or on behalf of a debtor who resides or resided in Indiana
on:
(1) the date an agreement that is the subject of the civil action was
entered into; or
(2) the date the civil action is filed;
the licensee shall provide written notice of the civil action to the
department.
(d) Not later than thirty (30) days after a licensee receives notice of
any enforcement action initiated against the licensee (or an employee
or agent of the licensee) by a federal or state regulatory or law
enforcement agency, the licensee shall notify the director in writing of
the notice received.

Legislative History

As added by P.L.213-2007, SEC.47; P.L.217-2007, SEC.45. Amended by P.L.90-2008, SEC.30; P.L.35-2010, SEC.125; P.L.42-2011, SEC.62; P.L.216-2013, SEC.24.