Sec. 121. If the director enters into a consent to a final order with a director, an officer, or a manager, the director is not required to issue and serve a notice of charges upon the director, officer, or manager under section 119 of this chapter. A consent agreement may be negotiated and entered into before or after the issuance of a notice of charges. The director shall provide a copy of the consent order to the board of directors of the creditor.
As added by P.L.35-2010, SEC.75. Amended by P.L.176-2019, SEC.25.
Structure Indiana Code
Article 4.5. Uniform Consumer Credit Code
24-4.5-6-102. Applicability; "Consumer Credit Sale"; "Consumer Loan"
24-4.5-6-104. Powers of Department; Reliance on Rules
24-4.5-6-105. Administrative Powers With Respect to Depository Institutions
24-4.5-6-106.5. Powers of Director
24-4.5-6-107.5. Prohibited Acts
24-4.5-6-109. Assurance of Discontinuance
24-4.5-6-110. Injunctions Against Violations
24-4.5-6-111. Injunctions Against Unconscionable Agreements and Fraudulent or Unconscionable Conduct
24-4.5-6-112. Temporary Relief
24-4.5-6-113. Civil Actions by Department; Civil Penalties for Violations
24-4.5-6-115. Debtor's Remedies Not Affected
24-4.5-6-117. "Civil Court" Defined
24-4.5-6-121. Consent Agreement; Notice of Charges Not Required
24-4.5-6-122. Final Order; Penalties; Time for Issuance; Consent Presumed Upon Failure to Appear
24-4.5-6-125. Authority of Director to Enforce Orders, Agreements, or Conditions in Court
24-4.5-6-201. Applicability of Notification Requirements and Fees
24-4.5-6-204. Nonapplicability of Licensing and Notification Requirements to Attorneys' Services