Section 20-42-1-15 - Receipts for payment of principal or interest on loan(a) All payments of principal or interest must be paid to the county treasurer. The:(1) county treasurer shall file a receipt with the county auditor; and(2) county auditor shall give the payor a receipt and record the payment.(b) 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.
As added by P.L. 2-2006, SEC.165.