Indiana § 28-8-5-15 License renewal; application; fee; changes and events concerning
licensees or applicants; notice to department required

Indiana Statutes

§ 28-8-5-15 — License renewal; application; fee; changes and events concerning licensees or applicants; notice to department required

Indiana·Art. 8 FINANCIAL SERVICES·Ch. 5 Cashing Checks

(a)To remain in force, a license must be renewed not later than December 31 of each year, beginning with the year following the date of issuance, as set forth in section 14 of this chapter. A licensee may renew a license issued under this chapter by filing a renewal application as prescribed by the director of the department. The department shall prescribe a form for the renewal application. To be accepted for processing, a renewal application must be accompanied by:

(1)the license renewal fee described in subsection (b); and

(2)all information and documents requested by the director of the department.

(b)A licensee that seeks to renew a license issued under this chapter shall pay to the department not later than December 31 of each year a fee fixed by the department under IC 28-11-3-5

Free access — add to your briefcase to read the full text and ask questions with AI

(a) To remain in force, a license must be
renewed not later than December 31 of each year, beginning with the
year following the date of issuance, as set forth in section 14 of this
chapter. A licensee may renew a license issued under this chapter by
filing a renewal application as prescribed by the director of the
department. The department shall prescribe a form for the renewal
application. To be accepted for processing, a renewal application must
be accompanied by:
(1) the license renewal fee described in subsection (b); and
(2) all information and documents requested by the director of the
department.
(b) A licensee that seeks to renew a license issued under this chapter
shall pay to the department not later than December 31 of each year a
fee fixed by the department under IC 28-11-3-5 as a renewal fee. The
department may fix a daily late fee under IC 28-11-3-5 for a:
(1) renewal license application; or
(2) renewal fee;
that is received by the department after December 31.
(c) A person that is licensed under this chapter, or a person that
seeks a license or a renewal of a license under this chapter in
accordance with this section and sections 11 and 12 of this chapter,
shall notify the department not later than thirty (30) days after any of
the following occurs:
(1) The person has a change in name, address, or principals.
(2) The person opens a new branch, closes an existing branch, or
relocates an existing branch.
(3) The person files for bankruptcy or reorganization.
(4) The person is notified by a state or governmental authority
that the person is subject to revocation or suspension proceedings
with respect to the person's activities related to the business of
cashing checks or the provision of other financial services.
(5) An individual described in section 12(b)(1) of this chapter has
been convicted of a felony involving fraud, deceit, or
misrepresentation under the laws of Indiana or any other
jurisdiction.

Indiana § 28-8-5-15 (License renewal; application; fee; changes and events concerning licensees or applicants; notice to department required) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

As added by P.L.42-1993, SEC.86. Amended by P.L.35-2010, SEC.187; P.L.89-2011, SEC.65; P.L.137-2014, SEC.36; P.L.69-2018, SEC.67; P.L.129-2020, SEC.22.