Indiana § 6-1.1-24-7.5 Limitations on agreements for recovery of money deposited in the tax
sale surplus fund; enforcement by attorney general

Indiana Statutes

§ 6-1.1-24-7.5 — Limitations on agreements for recovery of money deposited in the tax sale surplus fund; enforcement by attorney general

Indiana § 6-1.1-24-7.5

Art. 1.1PROPERTY TAXES

Ch. 24Sale of Real Property When Taxes or Special

This text of Indiana § 6-1.1-24-7.5 (Limitations on agreements for recovery of money deposited in the tax sale surplus fund; enforcement by attorney general) 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 § 6-1.1-24-7.5 (2026).

Text

5.

(a)As used in this section, "property owner" refers to the owner of record of real property at the time the real property was certified for sale under this chapter and before issuance of the tax deed.

(b)If a property owner enters into an agreement on or after May 1, 2010, that has the primary purpose of paying compensation to locate, deliver, recover, or assist in the recovery of money deposited in the tax sale surplus fund under section 7(a)(3) of this chapter with respect to real property as a result of a tax sale, the agreement is valid only if the agreement:

(1)requires payment of compensation of not more than ten percent (10%) of the amount collected from the tax sale surplus fund with respect to the real property, unless the amount collected is fifty dollars ($50) or less;

(2)

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5. (a) As used in this section, "property owner"
refers to the owner of record of real property at the time the real
property was certified for sale under this chapter and before issuance
of the tax deed.
(b) If a property owner enters into an agreement on or after May 1,
2010, that has the primary purpose of paying compensation to locate,
deliver, recover, or assist in the recovery of money deposited in the tax
sale surplus fund under section 7(a)(3) of this chapter with respect to
real property as a result of a tax sale, the agreement is valid only if the
agreement:
(1) requires payment of compensation of not more than ten percent
(10%) of the amount collected from the tax sale surplus fund with
respect to the real property, unless the amount collected is fifty
dollars ($50) or less;
(2) is in writing;
(3) is signed by the property owner; and
(4) clearly sets forth:
(A) the amount deposited in the tax sale surplus fund under
section 7(a)(3) of this chapter with respect to the real property;
and
(B) the value of the property owner's share of the amount
collected from the tax sale surplus fund with respect to the real
property after the compensation is deducted.
(c) The attorney general and the attorney general's homeowner
protection unit established under IC 4-6-12 shall enforce this section.
(d) The attorney general may maintain an action in a court with
jurisdiction to enforce this section. A court in which an action is
brought to enforce this section may do the following:
(1) Issue an injunction.
(2) Order restitution to an owner aggrieved by a violation of this
section.
(3) Order a person that violates this section to reimburse the state
for the reasonable costs of the attorney general's investigation and
prosecution of the violation.
(4) Impose a civil penalty, in an amount determined by the court,
on a person that violates this section.