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Can you summarize IC 28-11-1-13.5?
Establishment of the Department of Financial Institutions > Payments by credit card, debit card, or charge card; discharge of liability; department's authority to contract with vendor; vendor transaction charge or discount fee
Short Summary
This legal document, specified under Section 13.5 of the Indiana Code, pertains to the Department of Financial Institutions. It grants the department the authority to accept payments by credit card, debit card, charge card, or similar methods for various fees and penalties established by the department. The liability for such payments is not discharged until the department receives payment or credit from the responsible institution. Additionally, the department is authorized to contract with a bank or credit card vendor for accepting bank or credit cards. In case of a vendor transaction charge or discount fee, the department or the vendor may collect a uniform fee determined by the department from the person using the bank or credit card. No specific exemptions or penalties are mentioned in this document.
Whom does it apply to?
The Department of Financial Institutions
What does it govern?
Payments by credit card, debit card, or charge card; discharge of liability; department's authority to contract with vendor; vendor transaction charge or discount fee
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No penalties are mentioned.
Jurisdiction
Indiana