(a) A payee who proposes to make a transfer of structured settlement payment rights does not:(1) incur a penalty;(2) forfeit an application fee or other payment; or(3) otherwise incur a liability to the proposed transferee;if the transfer is not approved by a court under section 7 of this chapter.(b) A provision of this chapter may not be waived.(c) This chapter does not:(1) authorize a transfer of structured settlement payment rights in contravention of applicable law; or(2) give effect to a transfer of structured settlement payment rights that is void under applicable law.As added by P.L.219-2001, SEC.6.
Indiana Legal Code