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
(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.
Structure Indiana Code
Title 28. Financial Institutions
28-8-5-1. Application of Chapter
28-8-5-2.5. Check Cashing Transaction
28-8-5-6. Licensed Casher of Checks
28-8-5-10. Resolutions for Administration of Chapter
28-8-5-11. License Required; Application; Contents; Tax Warrant List; Application Fee
28-8-5-12. Issuance and Refusal of Licenses; Evidence of Compliance; Criminal Background Checks
28-8-5-13. Licenses Not Transferable or Assignable
28-8-5-14. Expiration of Licenses
28-8-5-16. Check Cashing Requirements
28-8-5-17. Check Cashing Fee Limitations
28-8-5-18. Record Keeping; Duty to Safeguard Personal Records
28-8-5-18.2. Carrying on Other Business
28-8-5-18.4. Felony Convictions or Pleas; Notice to Department
28-8-5-18.5. Checks Drawn on Valid Accounts and Deposited With Intent to Draw Funds
28-8-5-20. Investigation Procedures
28-8-5-21. Examination of Records Located Outside Indiana
28-8-5-21.1. Applicability of Law Governing Administrative Orders and Procedures; Venue
28-8-5-22.5. Failure to File Renewal Form or Pay Renewal Fee; Revocation or Suspension of License
28-8-5-23. Investigations; Void Check Cashing Transactions
28-8-5-24. Civil Penalties; Civil Action by Department
28-8-5-24.5. Compliance With Money Laundering Laws; Investigation and Enforcement by Department