Indiana Senate Bill 295

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Spectrum: Partisan Bill (Republican 3-0)
Status: Introduced on January 13 2025 - 25% progression
Action: 2025-02-06 - Senator Donato added as coauthor
Pending: Senate Commerce & Technology Committee
Text: Latest bill text (Introduced) [PDF]

Licensing of collateral recovery services. 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.

Licensing of collateral recovery services.

Sen. Blake Doriot [R]

Sen. Andy Zay [R]

Sen. Stacey Donato [R]

Date	Chamber	Action
2025-02-06	Senate	Senator Donato added as coauthor
2025-01-13	Senate	First reading: referred to Committee on Commerce and Technology
2025-01-13	Senate	Authored by Senators Doriot and Zay

Type	Source
Summary	https://iga.in.gov/legislative/2025/bills/senate/295/details
Text	https://iga.in.gov/pdf-documents/124/2025/senate/bills/SB0295/SB0295.01.INTR.pdf
Supplement	https://iga.in.gov/pdf-documents/124/2025/senate/bills/SB0295/fiscal-notes/SB0295.01.INTR.FN001.pdf