{"data":{"id":"us-in/ic-25-34.1-7-10","jurisdiction":"us-in","citation":"IC 25-34.1-7-10","heading":"Suspension of judgment debtor's license; repayment of fund; interest","body":"Sec. 10. (a) If the commission is required to make any payment from the real estate recovery fund in settlement of a claim or toward the satisfaction of an order under this chapter, the commission shall suspend the judgment debtor's license and, if the judgment debtor is licensed under IC 25-34.1-3-4.1, the license of the individual designated broker, under this article. The licensee is not eligible to be licensed again as a broker until the licensee has repaid in full the amount paid from the real estate recovery fund with interest of twelve percent (12%) per annum.\n(b) A license suspension issued under this section must be done in accordance with IC 4-21.5-3-6. The licensee may petition for review under IC 4-21.5-3-7.","path":["TITLE 25. PROFESSIONS AND OCCUPATIONS","ARTICLE 34.1. REAL ESTATE BROKERS AND SALESPERSONS","Chapter 7. Real Estate Recovery Fund"],"source_url":"https://iga.in.gov/ic/2026/Title_25.html#25-34.1-7-10","current_through":"2026","vintage":"2026","retrieved_at":"2026-10-06T20:43:28Z","sha256":"9d8a1ba6b3bb40a3fd2b099f5b371a261a8eb57059ae2627b955f2b4f5fbcced","source_id":"us-in","stale":false,"prev":"us-in/ic-25-34.1-7-9","next":"us-in/ic-25-34.1-7-11"},"notice":"GroundRules: Original legal text. Not legal advice."}