1. (a) A collateral recovery agency must include ten (10) days of collateral storage in the collateral recovery agency's standard repossession rate.
2. (b) The legal owner or lien holder of the collateral must pay the collateral recovery agency a fee of fifteen dollars ($15) per day for any collateral stored after the initial ten (10) days under subsection (a). A collateral recovery agency may charge an additional fee for storing collateral that contains hazardous materials.

As added by P.L.81-2026, SEC.7.