summary
Introduced
01/04/2022
01/04/2022
In Committee
02/14/2022
02/14/2022
Crossed Over
01/25/2022
01/25/2022
Passed
02/23/2022
02/23/2022
Dead
Signed/Enacted/Adopted
03/18/2022
03/18/2022
Introduced Session
2022 Regular Session
Bill Summary
Businessassociation matters. Removes the requirement thatlicensees must file to renew their license at least 30 days before thelicense expires. Requires loan brokers to provide all parties to aservices contract with written notice if the loan broker has an exclusive agreement to refer all loans from one lender. Removes solicitors fromthe definition ofinvestment adviser representative. Defines"third partysolicitor" and describes a "third party solicitor's written disclosure document" for the Indiana uniform securities act. Requires certaindisclosures to the client regarding a third party solicitor. Removesrequirement that a secured party provide a copy of a financingstatement to a debtor not later than 30 days after the financingstatement is filed.
AI Summary
This bill makes several changes to business association matters in Indiana:
It removes the requirement that licensees must file to renew their license at least 30 days before the license expires. It requires loan brokers to provide written notice to all parties to a services contract if the loan broker has an exclusive agreement to refer all loans from one lender. It removes solicitors from the definition of investment adviser representative. It defines a "third party solicitor" and describes the required disclosures a third party solicitor must make to clients. It removes the requirement that a secured party provide a copy of a financing statement to a debtor within 30 days after it is filed. Overall, the bill aims to update and streamline various business regulations in the state.
Committee Categories
Business and Industry
Sponsors (6)
Brian Buchanan (R)*,
Bob Heaton (R)*,
Travis Holdman (R)*,
Bruce Borders (R),
Peggy Mayfield (R),
Donna Schaibley (R),
Last Action
Public Law 158 (on 03/18/2022)
Official Document
bill text
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