SB 295

  • Indiana Senate Bill
  • 2025 Regular Session
  • Introduced in Senate
  • Senate
  • House
  • Governor

Licensing of collateral recovery services.

Abstract

Renames the private investigator and security guard licensing board as the private investigator, security guard, and collateral recovery agency licensing board, and adds two additional members to the board. Establishes licensure for a collateral recovery agency. Requires a person to be licensed as a collateral recovery agency to repossess collateral, attempt to repossess collateral, hold one's self out as being in the business of repossessing collateral, or use license plate recognition. Provides certain requirements: (1) for an applicant seeking licensure as a collateral recovery agency; (2) for a licensee to maintain licensure; and (3) for a legal owner when personal effects are in or on the collateral at the time of repossession. Requires equipment used to repossess collateral to meet certain criteria. Provides that threatening a collateral recovery agency's employee is a crime under certain circumstances. Makes conforming changes.

Bill Sponsors (3)

Votes


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Actions


Feb 06, 2025

Senate

Senator Donato added as coauthor

Jan 13, 2025

Senate

Authored by Senators Doriot and Zay

Senate

First reading: referred to Committee on Commerce and Technology

  • Reading-1
  • Referral-Committee
Commerce and Technology

Bill Text

Bill Text Versions Format
Introduced Senate Bill (S) PDF

Related Documents

Document Format
Fiscal Note: SB0295.01.INTR.FN001 PDF

Sources

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