Chapter 29. Debt Management Companies

Chapter 29. Debt Management Companies

28-1-29-0.5. Inapplicability; attorneys; depository financial institutions; third-party bill paying services
28-1-29-1. Definitions
28-1-29-2. Administration of chapter
28-1-29-3. License required; persons operating in Indiana; evidence of compliance; fees; violations; renewal; tax warrant list
28-1-29-3.1. Change 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 require new license
28-1-29-4. Suspension or revocation of license; order to show cause; order of suspension or revocation; relinquishment of license; existing contracts; emergency order for revocation
28-1-29-4.1. Failure to file renewal application or pay renewal fee; revocation or suspension of license
28-1-29-4.5. Collection agencies or process servers; licenses; restriction
28-1-29-4.6. Repealed
28-1-29-5. License application; findings by the department; felonies; financial statements; denial; hearing
28-1-29-5.5. Use 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
28-1-29-6. Surety bond; requirements; amount; renewal; termination; liability; notices
28-1-29-7. Repealed
28-1-29-7.5. Felonies; civil actions; enforcement actions; notice to department
28-1-29-7.7. Budget analysis and plan; written statement to debtor; creditor's reduction of amount owed; disclosure of tax implications
28-1-29-8. Agreement 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; budget analysis; term of agreement; carrying on other business; toll free communication system; good faith
28-1-29-8.3. Fees 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 not considered debt
28-1-29-8.6. Repealed
28-1-29-8.8. Debtor's failure to make payment; cancellation of agreement; letter of continuation; return of money to contract debtor
28-1-29-9. Trust account; separate account for Indiana contract debtors required; commingling with funds of nonresidents with approval of director; requirements and restrictions; required balance; reconciliation procedures; embezzlement; relocating account; signatories; monthly accountings; completion or termination of contract
28-1-29-9.5. Prohibited acts; unauthorized practice of law; compensation prohibited
28-1-29-9.7. Advertising
28-1-29-10. Repealed
28-1-29-10.5. Record keeping and retention; examinations and investigations; payment of costs; court order compelling compliance; confidentiality; department's investigatory and enforcement authority; cooperative regulatory agreements; examination of vendors
28-1-29-11. Impounding books, records, and accounts
28-1-29-12. Repealed
28-1-29-13. Enforcement by the department; civil penalties; department's recovery of costs; factors for determining amount of civil penalty; violation a Class A misdemeanor
28-1-29-14. Review of department decisions; applicability of laws governing administrative orders and procedures; venue
28-1-29-15. Providing materials and agreements electronically; consumer's consent required; disclosures through Internet web site; debtor's right to request written copy
28-1-29-16. Disclosures and documents to be in English; translation required if another language used
28-1-29-17. Soliciting or accepting contributions from debtors prohibited
28-1-29-18. Delegation of duties; liability of licensee; violations by lead generators

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