Sec. 14. If the broker company and the party from whom fees or commissions are claimed under this chapter agree to alternative dispute resolution, any claim under this chapter must be heard and resolved in the forum agreed to by the parties. The court before which a lien foreclosure proceeding is brought under this chapter retains jurisdiction to enter judgment on the award or other result made or reached under alternative dispute resolution proceedings with respect to all parties to the foreclosure. The broker company's notice of lien remains of record and the foreclosure proceeding shall be stayed during the pendency of the alternative dispute resolution proceedings.
As added by P.L.78-2006, SEC.1. Amended by P.L.127-2012, SEC.60; P.L.116-2015, SEC.33.
Structure Indiana Code
Article 28. Liens on Real Property
Chapter 12.5. Commercial Real Estate Broker Liens
32-28-12.5-0.5. "Broker Company"
32-28-12.5-1. "Commercial Real Estate"
32-28-12.5-2. "Fees or Commissions"
32-28-12.5-3. "Managing Broker"
32-28-12.5-6. When Lien Attaches to Commercial Real Estate
32-28-12.5-10. Notice of Lien; Service on Owner; Mailing or Personal Service
32-28-12.5-11. Foreclosure of Lien; Procedures; Contents of Complaint
32-28-12.5-12. Notice of Lien; Contents; Signature; Verification
32-28-12.5-14. Alternative Dispute Resolution; Forum; Judgment; Stay of Foreclosure Proceeding
32-28-12.5-15. Cost of Proceedings; Apportionment
32-28-12.5-16. Waiver of Right to Lien Void
32-28-12.5-17. Prior Recorded Liens, Mortgages, and Encumbrances; Priority