Ind. Code § 23-2.5-11-15

Current through P.L. 171-2024
Section 23-2.5-11-15 - Contempt of court; liability for damages; contract void
(a) If a person fails, refuses, or neglects to comply with a court order under this chapter, the person must be held in contempt of court.
(b) A person who violates this article or a rule adopted under this article, in connection with a contract for the activities of a loan broker, is liable to a person damaged by the violation for:
(1) the amount of the actual damages suffered;
(2) interest at the legal rate; and
(3) attorney's fees.
(c) If a person violates this article, or a rule adopted under this article, in connection with a contract for the activities of a loan broker, the contract is void, and the prospective borrower is entitled to receive from the loan broker all sums paid to the loan broker.

IC 23-2.5-11-15

Added by P.L. 175-2019,SEC. 2, eff. 7/1/2019.