IndianaIndiana broker companies must disclose possible referral payments
Starting July 1, 2026, Indiana broker companies must tell clients or customers in writing at the time of a referral if they may be paid.
What it does
When a broker company refers a client or customer to another broker company, it must disclose in writing if it may be paid for the referral.
Argument forClients could make a more informed choice when broker companies disclose in writing that they may be paid for a referral.
Argument againstPreparing a written notice at the time of referral could add a step for broker companies and delay some referrals.
More detail
A broker company must disclose in writing if it may be paid for referring a client or customer to another broker company. The rule applies when one broker company refers a client or customer to another broker company. The company must give the disclosure at the time of the referral; the section takes effect July 1, 2026.
Where do you stand?
Choose your position
Tell your reps
Take a position to see your representatives and ways to contact them.
Where it stands
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Feb 24Public Law 30Latest
- Feb 24Signed by the Governor Mike BraunBecame Law
- Feb 23Signed by the President of the SenateMajor
- Feb 19Signed by the SpeakerMajor
- Feb 19Signed by the President Pro TemporeMajor
- Feb 18Returned to the House without amendmentsMinor
- Feb 17Third reading: passed; Roll Call 184: yeas 45, nays 0Passed Senate
- Vote recorded HB 1252 - Alexander - 3rd Reading. Result: pass.Upper
- Feb 16Second reading: ordered engrossedMinor
- Feb 12Committee report: do pass, adoptedMinor
- Jan 27First reading: referred to Committee on Commerce and TechnologyMinor
- Jan 23Referred to the SenateMinor
- Jan 22Third reading: passed; Roll Call 76: yeas 91, nays 0Passed House
- Vote recorded HB 1252 - O'Brien - 3rd Reading. Result: pass.Lower
- Jan 22Representatives Isa, Goss-Reaves added as coauthors
- Jan 22Senate sponsor: Senator Alexander
- Jan 20Second reading: ordered engrossedMinor
- Jan 15Committee report: amend do pass, adoptedMinor
- Jan 15Representative Garcia Wilburn added as coauthor
- Jan 5First reading: referred to Committee on Employment, Labor and PensionsMinor
- Jan 5Authored by Representative O'BrienIntroduced
Consumer Protection