Indiana Code 25-34.1-5-7. Expiration of approval and permit; renewal
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Sec. 7. (a) The following expire on December 31 of each calendar year:
(2) A permit issued under section 15 of this chapter.
(1) The approval of a course by the commission.
Terms Used In Indiana Code 25-34.1-5-7
- Commission: means the Indiana real estate commission. See Indiana Code 25-34.1-1-2
- Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5
(b) To obtain renewal of approval for the ensuing calendar year, the school must submit to the commission by November 30 of the current year:
(1) a letter requesting renewal;
(2) an annual report; and
(3) a bond in the amount of twenty percent (20%) of the previous year’s total tuition, but in no event less than ten thousand dollars ($10,000) or more than fifty thousand dollars ($50,000).
As added by Acts 1979, P.L.248, SEC.1. Amended by P.L.116-2015, SEC.13.