# Ind. Code § 28-7-5-2: Definitions > Indiana · Statutes · In force URL: https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A7_C5_S28-7-5-2 ## Section - **Citation:** Ind. Code § 28-7-5-2 - **Heading:** Definitions - **Jurisdiction:** Indiana - **Kind:** Statutes - **Status:** In force - **Text as of:** August 14, 2026 - **Source:** Compiled text - **Location:** Indiana Code / Title 28 / Article 7 / Chapter 5 / Section 28-7-5-2 ## Text Sec. 2. In this chapter, unless the context otherwise requires: "Director" refers to the director of the department. "Pawn" means lending money on the deposit or pledge of personal property, or purchasing personal property on the condition of selling the property back again at a stipulated price, with the condition indicated verbally, in a written agreement, or in any other form indicating that the seller may repurchase the personal property sold. For purposes of this chapter, "personal property" does not include general intangibles, accounts (including deposit accounts), chattel paper, commercial tort claims, documents, instruments, investment property, letter-of-credit rights, letters of credit, money, or oil, gas, or other minerals before extraction. "Pawnbroker" means any person, partnership, association, limited liability company, or corporation that engages in the pawn business. "Pledge" means personal property deposited with a pawnbroker as security for a loan. "Pledger" means the person who delivers personal property into the possession of a pawnbroker as security for a loan. However, if the person delivering the personal property into the possession of the pawnbroker discloses that the person is acting for another, "pledger" means the disclosed principal. "Department" means the department of financial institutions. "Person" means any individual, limited liability company, sole proprietorship, partnership, trust, joint venture, corporation, unincorporated organization, or other form of entity, however organized. "Month" means a period extending from a given date in one (1) calendar month to the like date in the succeeding calendar month or, if there is no such like date, then to the last day of the succeeding calendar month. For purposes of this chapter, each month is considered to have thirty (30) days. Formerly: Acts 1935, c.195, s.2. As amended by P.L.263-1985, SEC.183; P.L.14-1992, SEC.131; P.L.42-1993, SEC.74; P.L.258-2003, SEC.11; P.L.10-2006, SEC.38 and P.L.57-2006, SEC.38; P.L.90-2008, SEC.47; P.L.137-2014, SEC.29. ## Nearby sections - [Ind. Code § 28-7-5-1 Citation](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A7_C5_S28-7-5-1.md) - [Ind. Code § 28-7-5-2 Definitions](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A7_C5_S28-7-5-2.md) - [Ind. Code § 28-7-5-3 Necessity of license; misleading representations; territorial application](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A7_C5_S28-7-5-3.md) - [Ind. Code § 28-7-5-4 Application for license; business locations; criminal history; evidence of compliance; criminal background checks and credit histories](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A7_C5_S28-7-5-4.md) - [Ind. Code § 28-7-5-5 Initial and renewal applications; fees; financial statement; proof of bond and insurance; standards; tax warrant list](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A7_C5_S28-7-5-5.md) - [Ind. Code § 28-7-5-5.5 Surety bond; requirements; amount; termination; liability; notices](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A7_C5_S28-7-5-5.5.md) - [Ind. Code § 28-7-5-6 Repealed](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A7_C5_S28-7-5-6.md) - [Ind. Code § 28-7-5-7 Repealed](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A7_C5_S28-7-5-7.md) - [Ind. Code § 28-7-5-8 Issuance and duration of license; evidence of compliance; denial of application; person not qualifying for license; replacement of manager](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A7_C5_S28-7-5-8.md) - [Ind. Code § 28-7-5-9 License not transferrable or assignable; branch locations](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A7_C5_S28-7-5-9.md) - [Ind. Code § 28-7-5-9.1 Change in control of licensee; application to department; time frame for department's decision; conditions for approval; duty of licensee to report transfer of securities; director's discretion to require new license](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A7_C5_S28-7-5-9.1.md) - [Ind. Code § 28-7-5-10 Closing, opening, or relocating a branch; changes and events concerning licensees or applicants; notice to department required](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A7_C5_S28-7-5-10.md) - [Ind. Code § 28-7-5-10.1 Ceasing business as a pawnbroker; requirements; appointment of liquidating agent; two month redemption period; partial payments by pledgers](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A7_C5_S28-7-5-10.1.md) - [Ind. Code § 28-7-5-10.4 Carrying on other business](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A7_C5_S28-7-5-10.4.md) --- Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A7_C5_S28-7-5-2. Check the current official text before relying on it. Not legal advice.