Indiana § 28-7-5-10 - Closing, opening, or relocating a branch; changes and events concerning licensees or applicants; notice to department required
Full text of Indiana Indiana Code § 28-7-5-10 — Closing, opening, or relocating a branch; changes and events concerning licensees or applicants; notice to department required, with citation guidance and answers to common questions.
§ 28-7-5-10. Closing, opening, or relocating a branch; changes and events concerning licensees or applicants; notice to department required
Sec. 10. (a) Whenever a licensee:
(1) closes an existing branch; or
(2) intends to open a new branch or relocate an existing branch;
the licensee shall give written notice to the department. A licensee shall give written notice to the department of the closing of an existing branch under subdivision (1) not later than thirty (30) days after the date of the closing of the branch. Not later than thirty (30) days before the intended relocation or addition of one (1) or more branches under subdivision (2), the licensee shall provide to the department the written notice of its intention required by this section and shall request approval in a form prescribed by the director to add or relocate one (1) or more branches.
(b) 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 sections 4, 5, and 8 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 files for bankruptcy or reorganization.
(3) 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 pawnbroking or the provision of other similar services.
(4) An individual described in section 8(a)(2) or 8(a)(3) of this chapter has been convicted of a felony involving fraud, deceit, or misrepresentation under the laws of Indiana or any other jurisdiction.
Formerly: Acts 1935, c.195, s.10. As amended by P.L.14-1992, SEC.138; P.L.45-1995, SEC.26; P.L.10-2006, SEC.42 and P.L.57-2006, SEC.42; P.L.129-2020, SEC.17; P.L.32-2021, SEC.85.
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 28-7-5-10
What does Indiana Code § 28-7-5-10 cover?
Section 28-7-5-10 ("Closing, opening, or relocating a branch; changes and events concerning licensees or applicants; notice to department required") 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 § 28-7-5-10?
A common citation format is "Indiana Code § 28-7-5-10" (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 § 28-7-5-10 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.