Indiana Code 24-7-8

Information Maintained by the Office of Code Revision Indiana Legislative Services Agency
05/17/2008 10:07:41 AM EDT

IC 24-7-8
Chapter 8. Registration of Lessors

IC 24-7-8-1
Notification by lessor
     Sec. 1. A lessor shall file notification with the department:
        (1) within thirty (30) days after soliciting or entering into a rental purchase agreement subject to this article; and
        (2) before February 1 in each subsequent year that the lessor solicits or enters into a rental purchase agreement subject to this article.
As added by P.L.254-1987, SEC.1. Amended by P.L.172-1997, SEC.15.

IC 24-7-8-2
Contents of notification
     Sec. 2. The notification required under section 1 of this chapter must state the following:
        (1) The name of the lessor.
        (2) The name in which business is transacted if different from subdivision (1).
        (3) The address of the principal office, which may be outside Indiana.
        (4) The address of all offices or stores, if any, in Indiana at which rental purchase agreements are made.
        (5) If rental purchase agreements are made in a place other than an office or retail store in Indiana, a brief description of the manner in which they are made.
        (6) The address of the designated agent upon whom service of process may be made in Indiana.
As added by P.L.254-1987, SEC.1.

IC 24-7-8-3
Corrective notification
Sec. 3. If information in a notification becomes inaccurate after filing, no further notification is required until the lessor is required to file a subsequent notification under section 1 of this chapter.
As added by P.L.254-1987, SEC.1.

IC 24-7-8-4
Fees; costs of examination by department; late fees
     Sec. 4. (a) A lessor required to file a notification with the department under section 1 of this chapter shall pay to the department the following fees:
        (1) A fee fixed by the department under IC 28-11-3-5 with the initial notification filed with the department.
        (2) A fee fixed by the department under IC 28-11-3-5 for each place of business operated by the lessor on December 31 of the preceding year with each annual notification subsequently filed with the department.

(b) In addition to the fee required under subsection (a)(2), if the department examines the books and records of the lessor, the lessor shall pay to the department all reasonably incurred costs of the examination in accordance with the fee schedule adopted by the department under IC 28-11-3-5.
(c) The department may impose a fee of five dollars ($5) for each day a lessor is late in paying a fee under subsection (a). Notwithstanding the total number of places of business operated by a lessor, the department may not impose a late fee of more than five dollars ($5) for each day a lessor is late in paying a fee described under subsection (a)(2).
As added by P.L.254-1987, SEC.1. Amended by P.L.138-1990, SEC.14; P.L.14-1992, SEC.64; P.L.45-1995, SEC.19; P.L.10-2006, SEC.23 and P.L.57-2006, SEC.23.

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