SB 295 IN

0likes☆Favorite🔕SubscribeShare

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.

• Blake Doriot Republican · author
• Andy Zay · author

1. Jan 13, 2025 Authored by Senators Doriot and Zay · upper
2. Jan 13, 2025 First reading: referred to Committee on Commerce and Technology · upper
3. Feb 6, 2025 Senator Donato added as coauthor · upper