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Ind. Code § 25-34.1-2-7

Report of funds; deposit; payment of expenses; fee for investigative fund

Known as the Real Estate Broker Licensing Act

The act spans §§ 25-34.1-10-0.5 to 25-34.1-9-9 (164 sections).

As added by P.L.57-2007, SEC.2

Sec. 7. (a) Except as provided in subsection (b), all funds collected under this article shall, at the end of each month, be reported to the state comptroller and deposited with the treasurer of state for deposit in the general fund. All expenses incurred in the administration of this article shall be paid from the general fund.

(b) The commission shall establish a fee of not more than twenty dollars ($20) for real estate brokers to provide funds for the purpose of administering and enforcing the provisions of this article, including investigating and taking enforcement action against real estate fraud and real estate appraisal fraud. All funds collected under this subsection shall be deposited in the investigative fund established by IC 25-34.1-8-7.5.

Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.