SB0295: A BILL FOR AN ACT to amend the Indiana Code concerning professions and occupations.

Page last updated: Sunday, April 20, 2025 at 7:25 PM (America/Indianapolis).

General Information

• Stage: Introduced Senate Bill (S)
• Current Chamber: senate
• Origin Chamber: senate
• Description: Licensing of collateral recovery services.

Legislators

Actions (3 total)

• Feb 6, 2025, 1:31 PM: Senator Donato added as coauthor
• Jan 13, 2025, 11:33 AM: First reading: referred to Committee on Commerce and Technology
• Jan 13, 2025, 11:33 AM: Authored by Senators Doriot and Zay

Digest

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.