IC 28-1-29 – Debt Management Companies | Midpage

Collections
Indiana Code

Chapter 29

IC 28-1-29

Debt Management Companies

0.5Inapplicability; attorneys; depository financial institutions; third-party bill paying services 1Definitions 2Administration of chapter 3License required; persons operating in Indiana; evidence of compliance; fees; violations; renewal; tax warrant list 3.1Change in control of licensee; application to department; time frame for department's decision; conditions for approval; duty of licensee to report transfer of securities; director's discretion to r 4Suspension or revocation of license; order to show cause; order of suspension or revocation; relinquishment of license; existing contracts; emergency order for revocation 4.1Failure to file renewal application or pay renewal fee; revocation or suspension of license 4.5Collection agencies or process servers; licenses; restriction 4.6Repealed 5License application; findings by the department; felonies; financial statements; denial; hearing 5.5Use of NMLSR in department's licensing system; reporting of information to NMLSR; confidentiality; director's authority to enter agreements; waiver of privilege; processing fee; electronic records 6Surety bond; requirements; amount; renewal; termination; liability; notices 7Repealed 7.5Felonies; civil actions; enforcement actions; notice to department 7.7Budget analysis and plan; written statement to debtor; creditor's reduction of amount owed; disclosure of tax implications 8Agreement between licensee and debtor; contents; delivery of electronic record; debtor's right to terminate; creditor's decision to reject or withdraw from plan; notice to creditors; payments; budge 8.3Fees and charges; plan, written agreement, and payment to creditor required; set up fee; monthly service fee; close-out fee; department approval for additional charges; returned payment charge; fees 8.6Repealed 8.8Debtor's failure to make payment; cancellation of agreement; letter of continuation; return of money to contract debtor 9Trust account; separate account for Indiana contract debtors required; commingling with funds of nonresidents with approval of director; requirements and restrictions; required balance; reconciliati 9.5Prohibited acts; unauthorized practice of law; compensation prohibited 9.7Advertising 10Repealed 10.5Record keeping and retention; examinations and investigations; payment of costs; court order compelling compliance; confidentiality; department's investigatory and enforcement authority; cooperative 11Impounding books, records, and accounts 12Repealed 13Enforcement by the department; civil penalties; department's recovery of costs; factors for determining amount of civil penalty; violation a Class A misdemeanor 14Review of department decisions; applicability of laws governing administrative orders and procedures; venue 15Providing materials and agreements electronically; consumer's consent required; disclosures through Internet web site; debtor's right to request written copy 16Disclosures and documents to be in English; translation required if another language used 17Soliciting or accepting contributions from debtors prohibited 18Delegation of duties; liability of licensee; violations by lead generators