Indiana § 32-34-4-5 Property having aggregate value of at least $10; notice to debtor

Indiana Statutes

§ 32-34-4-5 — Property having aggregate value of at least $10; notice to debtor

Indiana·Title 32 PROPERTY·Art. 34 LOST OR UNCLAIMED PERSONAL PROPERTY·Ch. 4 Unclaimed Property in Possession of Repossessors of

(a)If items of personal property having an estimated aggregate value of at least ten dollars ($10) are discovered within a vehicle that has been lawfully repossessed, the creditor must notify the debtor as follows:

(1)The notice must be written.

(2)The notice must list each item of personal property having an estimated value greater than five dollars ($5).

(3)The notice must include the estimated aggregate value of all of the items of personal property.

(4)The notice must include a statement that if the debtor does not claim the property within thirty (30) days after the notice was sent, the personal property will become the property of the creditor with no right of redemption by the debtor.

(5)The notice must be sent by certified mail.

(b)If the debtor does not claim the items of p

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

(a) If items of personal property having an
estimated aggregate value of at least ten dollars ($10) are discovered
within a vehicle that has been lawfully repossessed, the creditor must
notify the debtor as follows:
(1) The notice must be written.
(2) The notice must list each item of personal property having an
estimated value greater than five dollars ($5).
(3) The notice must include the estimated aggregate value of all
of the items of personal property.
(4) The notice must include a statement that if the debtor does not
claim the property within thirty (30) days after the notice was
sent, the personal property will become the property of the
creditor with no right of redemption by the debtor.
(5) The notice must be sent by certified mail.
(b) If the debtor does not claim the items of personal property
included in a notice given under subsection (a) not more than thirty
(30) days after the notice was mailed, the items of personal property
become the property of the creditor with no right of redemption by the
debtor.
[Pre-2002 Recodification Citation: 32-9-9-5.]

Indiana § 32-34-4-5 (Property having aggregate value of at least $10; notice to debtor) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.