Sec. 15. (a) To remain in force, a license must be renewed not later than December 31 of each year, beginning with the year following the date of issuance, as set forth in section 14 of this chapter. A licensee may renew a license issued under this chapter by filing a renewal application as prescribed by the director of the department. The department shall prescribe a form for the renewal application. To be accepted for processing, a renewal application must be accompanied by:

(1) the license renewal fee described in subsection (b); and

Terms Used In Indiana Code 28-8-5-15

  • Bankruptcy: Refers to statutes and judicial proceedings involving persons or businesses that cannot pay their debts and seek the assistance of the court in getting a fresh start. Under the protection of the bankruptcy court, debtors may discharge their debts, perhaps by paying a portion of each debt. Bankruptcy judges preside over these proceedings.
  • checks: includes a check, draft, or money order. See Indiana Code 28-8-5-2
  • department: means the members of the department of financial institutions. See Indiana Code 28-8-5-4
  • Fraud: Intentional deception resulting in injury to another.
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • licensee: means a licensed casher of checks. See Indiana Code 28-8-5-7
  • person: means any individual, sole proprietorship, partnership, trust, joint venture, limited liability company, corporation, unincorporated organization, or other form of entity, however organized. See Indiana Code 28-8-5-9
  • Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5
(2) all information and documents requested by the director of the department.

     (b) A licensee that seeks to renew a license issued under this chapter shall pay to the department not later than December 31 of each year a fee fixed by the department under IC 28-11-3-5 as a renewal fee. The department may fix a daily late fee under IC 28-11-3-5 for a:

(1) renewal license application; or

(2) renewal fee;

that is received by the department after December 31.

     (c) 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 this section and sections 11 and 12 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 opens a new branch, closes an existing branch, or relocates an existing branch.

(3) The person files for bankruptcy or reorganization.

(4) 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 cashing checks or the provision of other financial services.

(5) An individual described in section 12(b)(1) of this chapter has been convicted of a felony involving fraud, deceit, or misrepresentation under the laws of Indiana or any other jurisdiction.

As added by P.L.42-1993, SEC.86. Amended by P.L.35-2010, SEC.187; P.L.89-2011, SEC.65; P.L.137-2014, SEC.36; P.L.69-2018, SEC.67; P.L.129-2020, SEC.22.

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