SB 615-1_ Filed 02/11/2013, 12:13
Adopted 2/11/2013
COMMITTEE REPORT
MADAM PRESIDENT:
The Senate Committee on Commerce, Economic Development and Technology, to which was referred
Senate Bill No. 615, has had the same under consideration and begs leave to report the same back to the
Senate with the recommendation that said bill be AMENDED as follows:
SOURCE: Page 4, line 5; (13)AM061502.4. -->
Page 4, between lines 5 and 6, begin a new paragraph and insert:
SOURCE: IC 25-34.1-4-0.6; (13)AM061502.4. -->
"SECTION 4. IC 25-34.1-4-0.6 IS ADDED TO THE INDIANA
CODE AS A NEW SECTION TO READ AS FOLLOWS
[EFFECTIVE JULY 1, 2013]: Sec. 0.6. Beginning July 1, 2013, a real
estate school may offer courses described in section 0.5(2) of this
chapter. An individual who takes and passes a course offered under
this section is entitled to credit under section 0.5(2) of this chapter
for the hours taken and passed under the course, regardless of
whether the individual takes and passes the course before, on, or
after July 1, 2014.".
SOURCE: Page 4, line 6; (13)AM061502.4. -->
Page 4, delete lines 6 through 41.
Page 4, line 42, delete "IC 25-34.1-5-14" and insert
"IC 25-34.1-5-13".
Page 5, line 2, delete "14." and insert " 13.".
Page 5, line 4, delete "commission." and insert " licensing agency.".
Page 5, line 6, after "years" insert " and expires".
Page 5, line 7, delete "commission;" and insert " licensing agency;
and".
Page 5, line 8, delete "automatically revert to involuntary inactive
status" and insert " expire".
Page 5, line 9, delete "; and" and insert " .".
Page 5, delete lines 10 through 11.
Page 5, between lines 11 and 12, begin a new paragraph and insert:
" (c) An instructor issued a permit under subsection (a) must
meet the following requirements:
(1) Be a licensed real estate broker or attorney licensed in
Indiana.
(2) Each year, complete four (4) hours of continuing education
approved by the licensing agency and specific to providing
real estate instruction. Hours earned under this subdivision
may be used toward the completion of the continuing
education requirement for a broker under IC 25-34.1-9-11.
(3) Pay applicable fees established under rules adopted by the
commission under IC 4-22-2.
(4) Meet any additional requirements established by the
commission under rules adopted under IC 4-22-2.".
Page 5, line 12, delete "(c)" and insert " (d)".
Page 5, line 12, delete "becomes inactive under subsection (a)(2),"
and insert " expires under subsection (b)(2),".
Page 5, delete lines 21 through 23.
Page 5, line 28, after "A" insert " real estate school".
Page 5, line 33, delete "Student records" and insert " Course
rosters".
Page 6, line 1, delete "classes" and insert " courses".
Page 6, after line 1, begin a new paragraph and insert:
SOURCE: IC 25-34.1-9-22; (13)AM061502.7. -->
"SECTION 7. IC 25-34.1-9-22 IS ADDED TO THE INDIANA
CODE AS A
NEW SECTION TO READ AS FOLLOWS
[EFFECTIVE JULY 1, 2013]:
Sec. 22. (a) Each instructor of a
continuing education course under this chapter must have a permit
issued by the licensing agency.
(b) An instructor permit under subsection (a) must:
(1) be issued for a term of three (3) years and expire on a date
set by the licensing agency; and
(2) automatically expire if not renewed by the end of the
permit period.
(c) An instructor issued a permit under subsection (a), must
meet the following requirements:
(1) Be a licensed real estate broker or attorney licensed in
Indiana.
(2) Each year, complete four (4) hours of continuing education
approved by the licensing agency and specific to providing
real estate instruction. Hours earned under this subdivision
may be used toward the completion of the continuing
education requirement for a broker under IC 25-34.1-9-11.
(3) Pay applicable fees established under rules adopted by the
commission under IC 4-22-2.
(4) Meet any additional requirements established by the
commission under rules adopted under IC 4-22-2.
(d) If a permit expires under subsection (b)(2), to return to
active status, the instructor must:
(1) successfully complete continuing education requirements
set by the commission;
(2) file a renewal application;
(3) pay a renewal fee under rules adopted by the commission
under IC 4-22-2; and
(4) pay any applicable late fees established under rules
adopted by the commission under IC 4-22-2.".
Renumber all SECTIONS consecutively.
(Reference is to SB 615 as introduced.)
and when so amended that said bill do pass .
Committee Vote: Yeas 7, Nays 0.
____________________________________
Senator Buck, Chairperson
AM 061502/DI 44 2013