§ 28-8-6-701 — Maintenance of records; quarterly composite report; fee

Indiana § 28-8-6-701

• Jurisdiction: Indiana
• Art. 8: FINANCIAL SERVICES
• Ch. 6: Indiana Earned Wage Access Act

Text

Effective 1-1-2026.
Sec. 701. (a) A provider required to be licensed
under this chapter shall maintain records in a manner that will enable
the department to determine whether the provider is complying with
the provisions of this chapter. The department shall be given free
access to the records wherever the records are located. Records
concerning any earned wage access services transaction shall be
retained for two (2) years after the transaction is initiated. A provider
licensed or required to be licensed under this chapter is subject to IC 28-1-2-30.5 with respect to any records maintained by the provider.
(b) A provider required to be licensed under this chapter shall file
with the department, in the form and manner required by the
department, a quarterly composite report relating to all earned wage
access services transactions made by the provider in Indiana during the
reporting period covered by the report. Information contained in the
reports is confidential and may be published only in composite form.
The department may impose a fee in an amount fixed by the
department under IC 28-11-3-5 for each day that a provider fails to file
the report required by this subsection. The fee established under this
subsection shall not exceed fifty dollars ($50) per day.

Legislative History

As added by P.L.222-2025, SEC.5.