Indiana § 25-11-1-7 - Unlawful acts
Full text of Indiana Indiana Code § 25-11-1-7 — Unlawful acts, with citation guidance and answers to common questions.
§ 25-11-1-7. Unlawful acts
Sec. 7. (a) It is unlawful for any person to conduct, within this state, a collection agency without first having applied for and obtained a license under the provisions of this chapter.
(b) It is unlawful for any person conducting a collection agency within this state to fail to render an account of and pay to the client, for whom collection has been made, the proceeds of such collection, less the charges for collection in accordance with the terms of agreement between the applicant and client. This account shall be made within sixty (60) days from the date of the collection of any claim.
(c) It is unlawful for any person conducting a collection agency, within this state, to fail to deposit with a local depository not less than one (1) time each week all money due and owing to clients collected by said person, and keep the same on deposit in such depository in a special account until remitted to the clients. It shall be unlawful for any person to fail to keep a record of the money collected and the remittance thereof.
(d) It is unlawful for any person to operate a branch office without having first satisfied the requirements for operating a branch office as described in section 3(c) and 3(e) of this chapter.
(e) It is unlawful for any person licensed under this chapter to fail to comply with any disclosure requirements under IC 24-4.9.
Formerly: Acts 1937, c.92, s.7; Acts 1955, c.304, s.7. As amended by Acts 1982, P.L.154, SEC.42; P.L.178-1996, SEC.6; P.L.205-2021, SEC.8.
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 25-11-1-7
What does Indiana Code § 25-11-1-7 cover?
Section 25-11-1-7 ("Unlawful acts") is part of the Indiana Code, the codified statutory law of Indiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Indiana § 25-11-1-7?
A common citation format is "Indiana Code § 25-11-1-7" (Indiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Indiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Indiana official source linked on this page or consult a licensed Indiana attorney.
How does Indiana § 25-11-1-7 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Indiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Indiana.