reglab/housing_qa huggingface dataset:
IN Code § 28-7-2.5-4 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 7. Specialized Financial Institutions|Chapter 2.5. Conservatorship of Credit Unions|28-7-2.5-4. Reimbursement of Department; Administrative Expenses

Sec. 4. (a) A conservator appointed by the department under this chapter shall reimburse the department for all amounts expended by the department in connection with the conservatorship. Amounts reimbursed to the department under this subsection shall be paid from the assets of the credit union as administrative expenses. Upon approval of the department, the conservator shall pay all other administrative expenses of the conservatorship from the assets of the credit union.(b) Administrative expenses described in this section constitute a first charge against the assets of the credit union. The conservator shall pay the administrative expenses in full before any:(1) final distribution of the credit union's assets; or(2) payment of dividends to members, depositors, and other creditors of the credit union.As added by P.L.10-2006, SEC.37 and P.L.57-2006, SEC.37.
IN Code § 28-7-2.5-5 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 7. Specialized Financial Institutions|Chapter 2.5. Conservatorship of Credit Unions|28-7-2.5-5. Possession of Books, Records, and Assets; Conservation of Assets; Powers and Obligations of Conservator; Rights of Parties

Sec. 5. (a) Under the direction of the department, a conservator appointed under this chapter shall:(1) take possession of the books, records, and assets of the credit union; and(2) take any action necessary to conserve the assets of the credit union pending:(A) a liquidation under IC 28-1-3.1; or(B) other disposition of the credit union's business as provided by law.(b) A conservator appointed under this chapter:(1) has all the rights, powers, and privileges of a receiver appointed under IC 28-1-3.1, except the power to liquidate a credit union; and(2) is subject to those obligations and liabilities to which a receiver is subject, to the extent the obligations and liabilities are consistent with this chapter.(c) Throughout the time a conservator is in possession of a credit union under this chapter, the rights of all parties with respect to the credit union are the same as if a receiver had been appointed under IC 28-1-3.1.As added by P.L.10-2006, SEC.37 and P.L.57-2006, SEC.37.
IN Code § 28-7-2.5-7 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 7. Specialized Financial Institutions|Chapter 2.5. Conservatorship of Credit Unions|28-7-2.5-7. Loans in Aid of Operation or Reorganization; Security

Sec. 7. With the prior approval of the department, a conservator appointed under this chapter may borrow money as necessary or expedient to aid in the operation or reorganization of the credit union. Any loan obtained by the conservator under this section may be secured by the pledge or mortgage of, or through a lien upon or security interest in, the assets of the credit union.As added by P.L.10-2006, SEC.37 and P.L.57-2006, SEC.37.
IN Code § 28-7-2.5-8 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 7. Specialized Financial Institutions|Chapter 2.5. Conservatorship of Credit Unions|28-7-2.5-8. Termination of Conservatorship; Appointment of Receiver; Liquidation

Sec. 8. (a) The department may:(1) terminate a conservatorship ordered under this chapter; and(2) permit the credit union subject to the conservatorship to resume the transaction of the credit union's business, subject to any terms, conditions, restrictions, and limitations that the department may prescribe;if the department is satisfied that a termination of the conservatorship may be done safely and is in the public interest.(b) Subject to subsection (c), the department may:(1) terminate a conservatorship ordered under this chapter; and(2) apply for the appointment of a receiver for the credit union under IC 28-1-3.1;if the department determines that the appointment of a receiver for the credit union is in the public interest.(c) If the department determines that the liquidation of a credit union placed in conservatorship under this chapter is in the public interest, the department shall:(1) terminate the conservatorship ordered under this chapter; and(2) apply for the appointment of a receiver for the credit union under IC 28-1-3.1.As added by P.L.10-2006, SEC.37 and P.L.57-2006, SEC.37.
IN Code § 28-7-2.5-9 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 7. Specialized Financial Institutions|Chapter 2.5. Conservatorship of Credit Unions|28-7-2.5-9. Adoption of Rules

Sec. 9. The department may adopt rules under IC 4-22-2 to implement this chapter.As added by P.L.10-2006, SEC.37 and P.L.57-2006, SEC.37.
IN Code § 28-7-5-1 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 7. Specialized Financial Institutions|Chapter 5. Pawnbrokers|28-7-5-1. Citation

Sec. 1. This chapter shall be known as the Pawnbroking Law.Formerly: Acts 1935, c.195, s.1. As amended by P.L.263-1985, SEC.182.
IN Code § 28-7-5-2 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 7. Specialized Financial Institutions|Chapter 5. Pawnbrokers|28-7-5-2. Definitions

Sec. 2. In this chapter, unless the context otherwise requires:"Director" refers to the director of the department."Pawn" means lending money on the deposit or pledge of personal property, or purchasing personal property on the condition of selling the property back again at a stipulated price, with the condition indicated verbally, in a written agreement, or in any other form indicating that the seller may repurchase the personal property sold. For purposes of this chapter, "personal property" does not include general intangibles, accounts (including deposit accounts), chattel paper, commercial tort claims, documents, instruments, investment property, letter-of-credit rights, letters of credit, money, or oil, gas, or other minerals before extraction."Pawnbroker" means any person, partnership, association, limited liability company, or corporation that engages in the pawn business."Pledge" means personal property deposited with a pawnbroker as security for a loan."Pledger" means the person who delivers personal property into the possession of a pawnbroker as security for a loan. However, if the person delivering the personal property into the possession of the pawnbroker discloses that the person is acting for another, "pledger" means the disclosed principal."Department" means the department of financial institutions."Person" means any individual, limited liability company, sole proprietorship, partnership, trust, joint venture, corporation, unincorporated organization, or other form of entity, however organized."Month" means a period extending from a given date in one (1) calendar month to the like date in the succeeding calendar month or, if there is no such like date, then to the last day of the succeeding calendar month. For purposes of this chapter, each month is considered to have thirty (30) days.Formerly: Acts 1935, c.195, s.2. As amended by P.L.263-1985, SEC.183; P.L.14-1992, SEC.131; P.L.42-1993, SEC.74; P.L.258-2003, SEC.11; P.L.10-2006, SEC.38 and P.L.57-2006, SEC.38; P.L.90-2008, SEC.47; P.L.137-2014, SEC.29.
IN Code § 28-7-5-3 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 7. Specialized Financial Institutions|Chapter 5. Pawnbrokers|28-7-5-3. Necessity of License; Misleading Representations; Territorial Application

Sec. 3. (a) Except as authorized by this chapter and unless a license is first obtained from the department, a person shall not engage in business as a pawnbroker, act as a pawnbroker, transact or solicit business as a pawnbroker, or use in any advertisement, signage, or electronic or printed material, or in the person's business name, a phrase or statement that includes "pawn", "pawnbroker", "pawn shop", "pawn loan", or any word or phrase that would reasonably lead another person to conclude that the person is a pawnbroker, is engaging in business as a pawnbroker, or is engaging in conduct that would mislead or confuse a person into believing that the person is a pawnbroker or is engaging in business as a pawnbroker.(b) A pawnbroking transaction occurs in Indiana and is subject to the licensing requirements of this chapter and all other requirements of this chapter if a consumer who is a resident of Indiana enters into the pawnbroking transaction with a pawnbroker, or a person acting on behalf of the pawnbroker, that is located:(1) in Indiana; or(2) outside Indiana if the pawnbroker or person acting on behalf of the pawnbroker has advertised or solicited pawnbroking in Indiana by any means, including by mail, brochure, telephone, print, radio, television, the Internet, or electronic means.A pawnbroking transaction does not occur in Indiana if a consumer who is a resident of Indiana enters into the pawnbroking transaction at a pawnbroker's place of business in another state.Formerly: Acts 1935, c.195, s.3. As amended by P.L.263-1985, SEC.184; P.L.14-1992, SEC.132; P.L.163-2001, SEC.1; P.L.90-2008, SEC.48; P.L.216-2013, SEC.33.
IN Code § 28-7-5-4 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 7. Specialized Financial Institutions|Chapter 5. Pawnbrokers|28-7-5-4. Application for License; Business Locations; Criminal History; Evidence of Compliance; Criminal Background Checks and Credit Histories

Sec. 4. (a) Application for a pawnbroker's license shall be submitted on a form prescribed by the director and must include all information required by the director. An application submitted under this section must identify the location or locations at which the applicant proposes to engage in business as a pawnbroker in Indiana.(b) An application submitted under this section must indicate whether any individual described in section 8(a)(2) or 8(a)(3) of this chapter at the time of the application:(1) is under indictment for a felony under the laws of Indiana or any other jurisdiction; or(2) has been convicted of a felony under the laws of Indiana or any other jurisdiction.(c) The director may request that the applicant provide evidence of compliance with this section at:(1) the time of application;(2) the time of renewal of a license; or(3) any other time considered necessary by the director.(d) For purposes of subsection (c), evidence of compliance with this section may include:(1) criminal background checks, including a national criminal history background check (as defined in IC 10-13-3-12) by the Federal Bureau of Investigation for any individual described in subsection (b);(2) credit histories; and(3) other background checks considered necessary by the director.If the director requests a national criminal history background check under subdivision (1) for an individual described in that subdivision, the director shall require the individual to submit fingerprints to the department or to the state police department, as appropriate, at the time evidence of compliance is requested under subsection (c). The individual to whom the request is made shall pay any fees or costs associated with the fingerprints and the national criminal history background check. The national criminal history background check may be used by the director to determine the individual's compliance with this section. The director or the department may not release the results of the national criminal history background check to any private entity.Formerly: Acts 1935, c.195, s.4. As amended by P.L.14-1992, SEC.133; P.L.63-2001, SEC.18 and P.L.134-2001, SEC.20; P.L.10-2006, SEC.39 and P.L.57-2006, SEC.39; P.L.213-2007, SEC.70; P.L.217-2007, SEC.68; P.L.3-2008, SEC.223; P.L.90-2008, SEC.49; P.L.1-2009, SEC.149; P.L.35-2010, SEC.170; P.L.216-2013, SEC.34; P.L.137-2014, SEC.30; P.L.159-2017, SEC.38.
IN Code § 28-7-5-5 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 7. Specialized Financial Institutions|Chapter 5. Pawnbrokers|28-7-5-5. Initial and Renewal Applications; Fees; Financial Statement; Proof of Bond and Insurance; Standards; Tax Warrant List

Sec. 5. (a) The initial application and any renewal application shall be accompanied by a fee fixed by the department under IC 28-11-3-5. The initial application and any renewal application must include a financial statement that:(1) is prepared in accordance with standards adopted by the director;(2) indicates the applicant meets minimum financial responsibility standards adopted by the director; and(3) is prepared by a third party acceptable to the director.(b) The initial application and any renewal application must be accompanied by proof that the applicant:(1) has executed a bond in accordance with section 5.5 of this chapter and payable to the state, in an amount determined by the director; and(2) has obtained property and casualty insurance coverage, in an amount determined by the director;in accordance with standards adopted by the director.(c) Any standards adopted by the director and described in subsection (a)(1), (a)(2), or (b) must be made available:(1) for public inspection and copying at the offices of the department under IC 5-14-3; and(2) electronically through the computer gateway administered by the office of technology established by IC 4-13.1-2-1.(d) If the department of state revenue notifies the department that a person is on the most recent tax warrant list, the department shall not issue or renew the person's license until:(1) the person provides to the department a statement from the department of state revenue that the person's tax warrant has been satisfied; or(2) the department receives a notice from the commissioner of the department of state revenue under IC 6-8.1-8-2(k).Formerly: Acts 1935, c.195, s.5. As amended by P.L.14-1992, SEC.134; P.L.42-1993, SEC.75; P.L.45-1995, SEC.23; P.L.80-1998, SEC.12; P.L.10-2006, SEC.40 and P.L.57-2006, SEC.40; P.L.172-2011, SEC.133; P.L.216-2013, SEC.35.
IN Code § 28-7-5-8 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 7. Specialized Financial Institutions|Chapter 5. Pawnbrokers|28-7-5-8. Issuance and Duration of License; Evidence of Compliance; Denial of Application; Person Not Qualifying for License; Replacement of Manager

Sec. 8. (a) Upon an applicant's filing of the application required by section 4 of this chapter and payment of the license fee, if the department finds the financial standing, competence, business experience, and character of:(1) the applicant and any significant affiliate of the applicant;(2) each director, executive officer, or manager of the applicant, or any other individual having a similar status or performing a similar function for the applicant; and(3) if known, each person directly or indirectly owning of record or owning beneficially at least ten percent (10%) of the outstanding shares of any class of equity security of the applicant;are such that the business will be operated honestly, fairly, and efficiently and that the convenience and needs of the public exist for the operation of the business in the community wherein the applicant proposes to operate, it shall issue and deliver a license to the applicant, which license shall authorize the applicant to engage in the business of pawnbroking.(b) The director is entitled to request evidence of compliance with the requirements of this section by the licensee, including any affiliate or person described in subsection (a), at:(1) the time of issuance of the license;(2) the time of renewal of the license; or(3) any other time considered necessary by the director.A license shall remain in effect until it is surrendered, revoked, or suspended. If the department denies the application, it shall notify the applicant of the denial. The department may hold a public hearing if the department considers the hearing necessary.(c) The department may deny an application under this section if the director determines that the application was submitted for the benefit of, or on behalf of, a person who does not qualify for a license.(d) If a licensee replaces a manager, the licensee shall give the department written notice of the replacement not later than thirty (30) days after engaging another person to serve as manager.Formerly: Acts 1935, c.195, s.8. As amended by P.L.263-1985, SEC.186; P.L.14-1992, SEC.136; P.L.45-1995, SEC.24; P.L.80-1998, SEC.13; P.L.10-2006, SEC.41 and P.L.57-2006, SEC.41; P.L.90-2008, SEC.50; P.L.35-2010, SEC.171; P.L.89-2011, SEC.50; P.L.176-2019, SEC.60.
IN Code § 28-7-5-9 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 7. Specialized Financial Institutions|Chapter 5. Pawnbrokers|28-7-5-9. License Not Transferrable or Assignable; Branch Locations

Sec. 9. (a) As used in this section, "branch location" means a location that:(1) is maintained by a person licensed or required to be licensed under this chapter;(2) is located somewhere other than the person's main office location; and(3) does not constitute a separate legal entity from, or a subsidiary of, the person.(b) Except in a transaction approved under section 9.1 of this chapter, a license is not transferable or assignable. Subject to section 10 of this chapter, one (1) or more branch locations may be maintained under the same license.Formerly: Acts 1935, c.195, s.9. As amended by P.L.263-1985, SEC.187; P.L.14-1992, SEC.137; P.L.45-1995, SEC.25; P.L.89-2011, SEC.51; P.L.186-2015, SEC.41.
IN Code § 28-7-5-10 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 7. Specialized Financial Institutions|Chapter 5. Pawnbrokers|28-7-5-10. Closing, Opening, or Relocating a Branch; Changes and Events Concerning Licensees or Applicants; Notice to Department Required

Sec. 10. (a) Whenever a licensee:(1) closes an existing branch; or(2) intends to open a new branch or relocate an existing branch;the licensee shall give written notice to the department. A licensee shall give written notice to the department of the closing of an existing branch under subdivision (1) not later than thirty (30) days after the date of the closing of the branch. Not later than thirty (30) days before the intended relocation or addition of one (1) or more branches under subdivision (2), the licensee shall provide to the department the written notice of its intention required by this section and shall request approval in a form prescribed by the director to add or relocate one (1) or more branches.(b) A person that is licensed under this chapter, or a person that seeks a license or a renewal of a license under this chapter, in accordance with sections 4, 5, and 8 of this chapter, shall notify the department not later than thirty (30) days after any of the following occurs:(1) The person has a change in name, address, or principals.(2) The person files for bankruptcy or reorganization.(3) The person is notified by a state or governmental authority that the person is subject to revocation or suspension proceedings with respect to the person's activities related to the business of pawnbroking or the provision of other similar services.(4) An individual described in section 8(a)(2) or 8(a)(3) of this chapter has been convicted of a felony involving fraud, deceit, or misrepresentation under the laws of Indiana or any other jurisdiction.Formerly: Acts 1935, c.195, s.10. As amended by P.L.14-1992, SEC.138; P.L.45-1995, SEC.26; P.L.10-2006, SEC.42 and P.L.57-2006, SEC.42; P.L.129-2020, SEC.17; P.L.32-2021, SEC.85.
IN Code § 28-7-5-10.1 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 7. Specialized Financial Institutions|Chapter 5. Pawnbrokers|28-7-5-10.1. Ceasing Business as a Pawnbroker; Requirements; Appointment of Liquidating Agent; Two Month Redemption Period; Partial Payments by Pledgers

Sec. 10.1. (a) A licensee that decides to cease engaging in business as a pawnbroker in Indiana shall do the following not later than thirty (30) days before closing the licensee's pawnbroking business:(1) Notify the department of:(A) the licensee's intention to cease engaging in business as a pawnbroker in Indiana; and(B) the date on which the licensee's pawnbroking business will cease.(2) Surrender the license to the department.(3) Provide the following to all pledgers that have loans outstanding with the licensee:(A) Notice of:(i) the licensee's intention to cease engaging in business as a pawnbroker in Indiana; and(ii) the date on which the licensee's pawnbroking business will cease.(B) Instructions, approved by the director, on how pledged articles may be redeemed before the date identified under clause (A)(ii).(b) If:(1) a licensee ceases engaging in business as a pawnbroker in Indiana without complying with subsection (a); and(2) the director determines that it is in the public interest that the department oversees the liquidation of the licensee's business;the director may appoint a liquidating agent to conclude the affairs of the licensee's pawnbroker business in Indiana. The department may use the proceeds of the licensee's bond under section 5.5 of this chapter to pay the expenses of the liquidation.(c) If:(1) a license is revoked under section 13 of this chapter and the director determines that it is not in the best interests of the public for the licensee to liquidate the business; or(2) the director otherwise determines that it is in the best interests of the public;the director may appoint a liquidating agent to conclude the affairs of the licensee's pawnbroker business in Indiana. The department may use the proceeds of the licensee's bond under section 5.5 of this chapter to pay the expenses of liquidation.(d) If a pawnbroker gives notice to the department under subsection (a) that the pawnbroker intends to cease engaging in business as a pawnbroker in Indiana, the pawnbroker may accept during the two (2) months immediately following the maturity of a loan that the pawnbroker has made to any pledger, as described in section 30(a) of this chapter, partial payments from the pledger for the loan. A partial payment made under this subsection must be applied to the loan's principal and used to reduce the pledger's loan obligation. Acceptance of partial payments under this subsection does not require the pawnbroker to extend the two (2) month period described in section 30(a) of this chapter with respect to any loan.As added by P.L.213-2007, SEC.71; P.L.217-2007, SEC.69. Amended by P.L.90-2008, SEC.51; P.L.35-2010, SEC.172; P.L.216-2013, SEC.37.
IN Code § 28-7-5-10.4 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 7. Specialized Financial Institutions|Chapter 5. Pawnbrokers|28-7-5-10.4. Carrying on Other Business

Sec. 10.4. A licensee may carry on other business at a location where the licensee conducts the business of acting as a pawnbroker unless the licensee carries on other business for the purpose of evasion or violation of this chapter.As added by P.L.159-2017, SEC.39.
IN Code § 28-7-5-10.6 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 7. Specialized Financial Institutions|Chapter 5. Pawnbrokers|28-7-5-10.6. Felony Convictions or Pleas; Notice to Department

Sec. 10.6. (a) This section applies if, after a person has been issued a license or renewal license under this chapter, any individual described in section 8(a)(2) or 8(a)(3) of this chapter has been convicted of or pleaded guilty or nolo contendere to a felony under the laws of Indiana or any other jurisdiction.(b) If this section applies, the licensee shall provide to the department the information required under section 4(b) of this chapter:(1) not later than thirty (30) days after the licensee or any individual described in section 8(a)(2) or 8(a)(3) of this chapter has been convicted of or pleaded guilty or nolo contendere to the felony; or(2) if the licensee's next license renewal fee under section 11 of this chapter is due before the date described in subdivision (1), along with the licensee's next license renewal fee under section 11 of this chapter.As added by P.L.213-2007, SEC.72; P.L.217-2007, SEC.70. Amended by P.L.90-2008, SEC.52; P.L.35-2010, SEC.173.