Receipts for Payment of Principal or Interest on Loan

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Sec. 15. All payments of principal or interest must be paid to the county treasurer. The:

(1) treasurer shall file a receipt with the county auditor; and

(2) auditor shall give the payor a receipt and record the payment.

The county auditor may accept payment of principal or interest if the county auditor can immediately transmit and pay the payment to the county treasurer.

[Pre-2006 Recodification Citation: 21-1-7-13 part.]

As added by P.L.2-2006, SEC.165.


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