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 include 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.
(7) Other information required by the director of the
department. As added by P.L.254-1987, SEC.1. Amended by P.L.35-2010,
SEC.93.
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 fixed by the department
under IC 28-11-3-5 for each day a lessor is late in:
(1) submitting the information required under IC 24-7-8-2; or
(2) paying a fee under subsection (a). 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; P.L.35-2010, SEC.94.
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 include 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.
(7) Other information required by the director of the
department. As added by P.L.254-1987, SEC.1. Amended by P.L.35-2010,
SEC.93.
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 fixed by the department
under IC 28-11-3-5 for each day a lessor is late in:
(1) submitting the information required under IC 24-7-8-2; or
(2) paying a fee under subsection (a). 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; P.L.35-2010, SEC.94.
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 include 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.
(7) Other information required by the director of the
department. As added by P.L.254-1987, SEC.1. Amended by P.L.35-2010,
SEC.93.
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 fixed by the department
under IC 28-11-3-5 for each day a lessor is late in:
(1) submitting the information required under IC 24-7-8-2; or
(2) paying a fee under subsection (a). 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; P.L.35-2010, SEC.94.
