Indiana § 26-2-11-7 - Rates and fees
Full text of Indiana Indiana Code § 26-2-11-7 — Rates and fees, with citation guidance and answers to common questions.
§ 26-2-11-7. Rates and fees
Sec. 7. (a) A collateral recovery agency must include ten (10) days of collateral storage in the collateral recovery agency's standard repossession rate.
(b) The legal owner or lien holder of the collateral must pay the collateral recovery agency a fee of fifteen dollars ($15) per day for any collateral stored after the initial ten (10) days under subsection (a). A collateral recovery agency may charge an additional fee for storing collateral that contains hazardous materials.
As added by P.L.81-2026, SEC.7.
IC 26-3ARTICLE 3. WAREHOUSES
Ch. 1.Repealed Ch. 2.Uniform Warehouse Receipts Act Ch. 3.Repealed Ch. 4.Illegal Issuance of Receipts Ch. 5.Repealed Ch. 6.Repealed Ch. 7.Indiana Grain Buyers and Warehouse Licensing and Bonding Law Ch. 7.5.Inspection of Grain Moisture Testing Equipment Ch. 8.Self-Service Storage Facilities
IC 26-3-1Chapter 1. RepealedRepealed by Acts 1978, P.L.2, SEC.2609.
IC 26-3-2Chapter 2. Uniform Warehouse Receipts Act
26-3-2-1Issuance of receipt for goods not received 26-3-2-2Issuance of false or fraudulent receipt 26-3-2-3Issuance of duplicate or additional negotiable receipt with former receipt outstanding 26-3-2-4Issuance of receipt failing to show warehouseman's ownership interest 26-3-2-5Delivery of goods without canceling outstanding receipt 26-3-2-6Repealed 26-3-2-7Short title
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 26-2-11-7
What does Indiana Code § 26-2-11-7 cover?
Section 26-2-11-7 ("Rates and fees") 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 § 26-2-11-7?
A common citation format is "Indiana Code § 26-2-11-7" (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 § 26-2-11-7 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.