Sec. 1. A person who knowingly: (1) procures another to: (A) execute as maker; or (B) endorse or assign; a cognovit note; (2) being the payee, endorsee, or assignee of the cognovit note, retains possession of the cognovit note; or (3) attempts to recover upon or enforce within Indiana a judgment obtained in any other jurisdiction based upon a cognovit note; commits a Class B misdemeanor. [Pre-1998 Recodification Citation: 34-2-26-1(b).] As added by P.L.1-1998, SEC.50.
Violations
Ind. Code § 34-54-4-1, under Cognovit Note Prohibited as a Means of Confessing Judgment or Authorizing Payment.
Ind. Code § 34-54-4-1