IC 28-7-5 – Pawnbrokers | Midpage

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Indiana Code

Chapter 5

IC 28-7-5

Pawnbrokers

1Citation 2Definitions 3Necessity of license; misleading representations; territorial application 4Application for license; business locations; criminal history; evidence of compliance; criminal background checks and credit histories 5Initial and renewal applications; fees; financial statement; proof of bond and insurance; standards; tax warrant list 5.5Surety bond; requirements; amount; termination; liability; notices 6Repealed 7Repealed 8Issuance and duration of license; evidence of compliance; denial of application; person not qualifying for license; replacement of manager 9License not transferrable or assignable; branch locations 9.1Change 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 10Closing, opening, or relocating a branch; changes and events concerning licensees or applicants; notice to department required 10.1Ceasing business as a pawnbroker; requirements; appointment of liquidating agent; two month redemption period; partial payments by pledgers 10.4Carrying on other business 10.5Repealed 10.6Felony convictions or pleas; notice to department 11License renewal; application; fees 12Repealed 13Suspension or revocation of license; order to show cause; order of suspension or revocation; surrender of license; existing obligations; emergency order for revocation 13.1Failure to file renewal form or pay renewal fee; revocation or suspension of license 14Repealed 15Investigatory and enforcement authority; costs of investigation; voided loans 15.1Applicability of law governing administrative orders and procedures; venue 16Books, accounts, and records; examination and costs; bills of sale; purchase of precious metal; record of control; examination of vendors 17Report; late fee 18Repealed 19Loan record requisites; data recording methods 20Signature and thumbprint of pledger; electronic record 21Pawn ticket; duty of reasonable care in safekeeping of articles 21.5Required disclosure of information 22Presumptive right of ticket holder to redeem; compliance with local ordinance or law concerning pledge retention 23Redemption by mail; compliance with local ordinance or law concerning pledge retention 24Partial payment before maturity 25Loss, destruction, or theft of pawn ticket 26Alteration of pawn ticket; effect 27Repealed 28Rate of interest; calculation for partial month; minimum term; reduction in advance; penalty for excessive or unauthorized interest or charges 28.5Additional charge; servicing fee 29Liability for loss to pledger; due care 29.5Waiver of rights not permitted 30Two month redemption period; public access prohibited; unredeemed property subject to sale 31Repealed 32Repealed 33Lien 34Delivery of pledge; necessity of surrender of pawn ticket 35Conflicting claims; sale of pledge subject to adjudication 36Unlawful transactions 37Violations 37.5Compliance with money laundering laws; investigation and enforcement by the department 38Violations; civil action; injunctive relief; civil penalties 38.1Violations; civil penalty 39Confidentiality of records; exceptions; safeguarding of personal records; release of information to supervisory agencies