IndianaSB 295First Regular Session 124th General Assembly (2025)Senate

Licensing of collateral recovery services.

Sponsored By: Blake Doriot (Republican)

Failed

Summary

Renames the private investigator and security guard licensing board as the private investigator, security guard, and collateral recovery agency licensing board, and adds two additional members to the board. Establishes licensure for a collateral recovery agency. Requires a person to be licensed as a collateral recovery agency to repossess collateral, attempt to repossess collateral, hold one's self out as being in the business of repossessing collateral, or use license plate recognition. Provides certain requirements: (1) for an applicant seeking licensure as a collateral recovery agency; (2) for a licensee to maintain licensure; and (3) for a legal owner when personal effects are in or on the collateral at the time of repossession. Requires equipment used to repossess collateral to meet certain criteria. Provides that threatening a collateral recovery agency's employee is a crime under certain circumstances. Makes conforming changes.

commerce and technology

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Blake Doriot

    Republican • Senate

Cosponsors

  • Andy Zay

    Affiliation unavailable

  • Stacey Donato

    Republican • Senate

Roll Call Votes

No roll call votes available for this bill.

Actions Timeline

  1. Senator Donato added as coauthor

    2/6/2025Senate
  2. First reading: referred to Committee on Commerce and Technology

    1/13/2025Senate
  3. Authored by Senators Doriot and Zay

    1/13/2025Senate

Bill Text

  • Introduced Senate Bill (S)

Related Bills

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