§ 32-28-12.5-14 — Alternative dispute resolution; forum; judgment; stay of foreclosure proceeding

Indiana § 32-28-12.5-14

• Jurisdiction: Indiana
• Title 32: PROPERTY
• Art. 28: LIENS ON REAL PROPERTY
• Ch. 12.5: Commercial Real Estate Broker Liens

Text

If the broker company and the party from
whom fees or commissions are claimed under this chapter agree to
alternative dispute resolution, any claim under this chapter must be
heard and resolved in the forum agreed to by the parties. The court
before which a lien foreclosure proceeding is brought under this
chapter retains jurisdiction to enter judgment on the award or other
result made or reached under alternative dispute resolution proceedings
with respect to all parties to the foreclosure. The broker company's
notice of lien remains of record and the foreclosure proceeding shall be
stayed during the pendency of the alternative dispute resolution
proceedings.

Legislative History

As added by P.L.78-2006, SEC.1. Amended by P.L.127-2012, SEC.60; P.L.116-2015, SEC.33.