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Ind. Code § 28-1-29-18

Delegation of duties; liability of licensee; violations by lead generators

Known as the The Indiana Financial Institutions Act

The act spans §§ 28-1-1-1 to 28-1-9-9 (499 sections).

As added by P.L.35-2010, SEC.140

Sec. 18. (a) If a licensee delegates any of the licensee's duties or obligations under an agreement or this chapter to another person, including an independent contractor or a lead generator, the licensee is liable for any conduct of the person which, if done by the licensee, would violate the agreement or this chapter.

(b) A lead generator or another person that:

(1) provides services to or for a licensee; and

(2) violates this chapter;

commits a deceptive act that is actionable under IC 24-5-0.5 and subject to the penalties of IC 24-5-0.5.

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