There Is a Newer Version
of
this Section
2022 Indiana Code
Title 23. Business and Other Associations
Article 2.5. Loan Brokers
Chapter 11. Violations and Civil Enforcement
23-2.5-11-15. Contempt of Court; Liability for Damages; Contract Void
Universal Citation:
IN Code § 23-2.5-11-15 (2022)
Learn more
This media-neutral citation is based
on the American Association of Law Libraries Universal Citation Guide and is not
necessarily the official citation.
Sec. 15. (a) If a person fails, refuses, or neglects to comply with a court order under this chapter, the person must be held in contempt of court.
(b) A person who violates this article or a rule adopted under this article, in connection with a contract for the activities of a loan broker, is liable to a person damaged by the violation for:
(1) the amount of the actual damages suffered;
(2) interest at the legal rate; and
(3) attorney's fees.
(c) If a person violates this article, or a rule adopted under this article, in connection with a contract for the activities of a loan broker, the contract is void, and the prospective borrower is entitled to receive from the loan broker all sums paid to the loan broker.
As added by P.L.175-2019, SEC.2.
Disclaimer: These codes may not be the most recent version. Indiana may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
