{"data":{"id":"us-in/ic-25-37-1-5.5","jurisdiction":"us-in","citation":"IC 25-37-1-5.5","heading":"Reduction and waiver of surety bond","body":"Sec. 5.5. (a) Notwithstanding section 5 of this chapter, a county legislative body (as defined in IC 36-1-2-9) may annually:\n(1) set the amount of the bond required under section 5 of this chapter in any amount that is not greater than the amount required in section 5 of this chapter; or\n(2) waive the bond required under section 5 of this chapter.\n(b) A county legislative body that reduces or waives the bond under subsection (a) must inform the auditor of the county of the following:\n(1) Whether a bond is required to be filed with an application with the auditor for a transient merchant license.\n(2) The amount of the bond if a bond is required.\n(c) An applicant filing for a transient merchant license must do the following:\n(1) If filing for a transient merchant license with a county auditor who has been informed of a reduced bond under subsection (b), the applicant must file:\n(A) an application; and\n(B) the bond;\nwith the county auditor.\n(2) If filing for a transient merchant license with a county auditor who has been informed that a bond has been waived under subsection (b), the applicant must file only an application.\n(d) A bond required under subsection (a)(1), although not in the amount required under section 5 of this chapter, will for all other purposes be treated like a bond issued under section 5 of this chapter.","path":["TITLE 25. PROFESSIONS AND OCCUPATIONS","ARTICLE 37. TRANSIENT MERCHANTS","Chapter 1. Regulation of Transient Merchants by Local Governmental Units"],"source_url":"https://iga.in.gov/ic/2026/Title_25.html#25-37-1-5.5","current_through":"2026","vintage":"2026","retrieved_at":"2026-10-06T20:43:28Z","sha256":"4a6266a1305d317495ad883eab1549025dcd1346a6e0cd977e17fa512ad79ba2","source_id":"us-in","stale":false,"prev":"us-in/ic-25-37-1-5","next":"us-in/ic-25-37-1-6"},"notice":"GroundRules: Original legal text. Not legal advice."}