§ 34-55-6-18 Failure of purchaser to pay for property; damages

Codes > Indiana Code > Title 34 > Article 55 : Chapter 6 > 34-55-6-18 Failure

34-55-6-18 Failure of purchaser to pay for property; damages

    Sec. 18. Whenever the purchaser of property sold on execution fails or refuses to pay the purchase money, the purchaser is liable, on motion made by the sheriff or the execution plaintiff or defendant in the proper court on five (5) days notice, to a judgment for the amount of:

    (1) the purchase money;

    (2) damages not exceeding ten percent (10%);

    (3) interest; and

    (4) costs.

    No stay of execution shall be allowed upon the judgment.