Sec. 1. When, in case of any loan or sale made by any seller, creditor or secured party, the borrower, or any other person furnishing security on behalf of the borrower, shall, as an inducement to the seller, creditor or secured party to make the loan or sale, represent to it, in writing, that he or she is eighteen (18) years of age or older, whereas in fact such person or persons are under the age of eighteen (18) years, or shall otherwise make any false statement or representation to the seller, creditor or secured party and the seller, creditor or secured party is thereby deceived, and the loan or sale is made in reliance upon such representation, neither the person so representing, nor any one in his or her behalf, nor any person otherwise legally liable to pay such loan or sale, shall afterwards be allowed, as against such seller, creditor or secured party, to take advantage of the fact that the person making the representation was under eighteen (18) years of age, but each such person shall be estopped by such representation. Formerly: Acts 1973, P.L.280, SEC.14. IC 28-1-27 Chapter 27. Repealed IC 28-1-28 Chapter 28. Repealed IC 28-1-29 Chapter 29. Debt Management Companies 28-1-29-0.5 Inapplicability; attorneys; depository financial institutions; third-party bill paying services 28-1-29-1 Definitions 28-1-29-2 Administration of chapter 28-1-29-3 License required; persons operating in Indiana; evidence of compliance; fees; violations; renewal; tax warrant list 28-1-29-3.1 Change in control of licensee; application to department; time frame for department's decision; conditions for approval; duty of licensee to report transfer of securities; director's discretion to require new license 28-1-29-4 Suspension or revocation of license; order to show cause; order of suspension or revocation; relinquishment of license; existing contracts; emergency order for revocation 28-1-29-4.1 Failure to file renewal application or pay renewal fee; revocation or suspension of license 28-1-29-4.5 Collection agencies or process servers; licenses; restriction 28-1-29-4.6 Repealed 28-1-29-5 License application; findings by the department; felonies; financial statements; denial; hearing 28-1-29-5.5 Use of NMLSR in department's licensing system; reporting of information to NMLSR; confidentiality; director's authority to enter agreements; waiver of privilege; processing fee; electronic records 28-1-29-6 Surety bond; requirements; amount; renewal; termination; liability; notices 28-1-29-7 Repealed 28-1-29-7.5 Felonies; civil actions; enforcement actions; notice to department 28-1-29-7.7 Budget analysis and plan; written statement to debtor; creditor's reduction of amount owed; disclosure of tax implications 28-1-29-8 Agreement between licensee and debtor; contents; delivery of electronic record; debtor's right to terminate; creditor's decision to reject or withdraw from plan; notice to creditors; payments; budget analysis; term of agreement; carrying on other business; toll free communication system; good faith 28-1-29-8.3 Fees and charges; plan, written agreement, and payment to creditor required; set up fee; monthly service fee; close-out fee; department approval for additional charges; returned payment charge; fees not considered debt 28-1-29-8.6 Repealed 28-1-29-8.8 Debtor's failure to make payment; cancellation of agreement; letter of continuation; return of money to contract debtor 28-1-29-9 Trust account; separate account for Indiana contract debtors required; commingling with funds of nonresidents with approval of director; requirements and restrictions; required balance; reconciliation procedures; embezzlement; relocating account; signatories; monthly accountings; completion or termination of contract 28-1-29-9.5 Prohibited acts; unauthorized practice of law; compensation prohibited 28-1-29-9.7 Advertising 28-1-29-10 Repealed 28-1-29-10.5 Record keeping and retention; examinations and investigations; payment of costs; court order compelling compliance; confidentiality; department's investigatory and enforcement authority; cooperative regulatory agreements; examination of vendors 28-1-29-11 Impounding books, records, and accounts 28-1-29-12 Repealed 28-1-29-13 Enforcement by the department; civil penalties; department's recovery of costs; factors for determining amount of civil penalty; violation a Class A misdemeanor 28-1-29-14 Review of department decisions; applicability of laws governing administrative orders and procedures; venue 28-1-29-15 Providing materials and agreements electronically; consumer's consent required; disclosures through Internet web site; debtor's right to request written copy 28-1-29-16 Disclosures and documents to be in English; translation required if another language used 28-1-29-17 Soliciting or accepting contributions from debtors prohibited 28-1-29-18 Delegation of duties; liability of licensee; violations by lead generators
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