23-2.5-1-26. “Personal Information”
Sec. 26. “Personal information” includes the following: (1) An individual’s first and last names or first initial and last name. (2) Any of the following data elements: (A) A Social Security number. (B) A driver’s license number. (C) A state identification card number. (D) A credit card number. (E) A financial account number or debit […]
23-2.5-1-27. “Principal Manager”
Sec. 27. “Principal manager” means an individual who has at least three (3) years of experience as a mortgage loan originator and is principally responsible for the supervision and management of the employees and business affairs of not more than five (5) loan broker offices. As added by P.L.175-2019, SEC.2.
23-2.5-1-28. “Principal Manager License”
Sec. 28. “Principal manager license” means a license issued by the commissioner authorizing an individual to act as: (1) a principal manager; and (2) a mortgage loan originator; on behalf of a loan broker. As added by P.L.175-2019, SEC.2.
23-2.5-1-29. “Principal Place of Business”
Sec. 29. “Principal place of business” means the loan broker office designated by a loan broker or an applicant for a loan broker license as the primary or main office. If a loan broker operates only one (1) loan broker office, the loan broker office is considered to be the principal place of business of […]
23-2.5-1-30. “Real Estate Appraiser”
Sec. 30. “Real estate appraiser” means a person who: (1) is licensed as a real estate broker under IC 25-34.1 and performs real estate appraisals within the scope of the person’s license; (2) holds a real estate appraiser license or certificate issued under IC 25-34.1-3-8; or (3) otherwise performs real estate appraisals in Indiana. As […]
23-2.5-1-31. “Real Estate Brokerage Activity”
Sec. 31. “Real estate brokerage activity” means offering or providing real estate brokerage services to the public, including the following: (1) Acting as a real estate broker for a buyer, seller, lessor, or lessee of real property. (2) Bringing together parties interested in the sale, lease, or exchange of real property. (3) Negotiating, on behalf […]
23-2.5-1-32. “Redacted”
Sec. 32. “Redacted”, with respect to personal information, means that the personal information has been altered or truncated so that not more than the last four (4) digits of: (1) a Social Security number; (2) a driver’s license number; (3) a state identification number; or (4) an account number; are accessible as part of the […]
23-2.5-1-33. “Registered Mortgage Loan Originator”
Sec. 33. “Registered mortgage loan originator” means a mortgage loan originator who: (1) is an employee of: (A) a depository institution; (B) a subsidiary that is: (i) owned and controlled by a depository institution; and (ii) regulated by the federal financial institutions regulatory agencies (as defined in 12 U.S.C. 3350(6)); or (C) an institution regulated […]
23-2.5-1-34. “Residential Mortgage Loan”
Sec. 34. “Residential mortgage loan” means a loan: (1) that is or will be used primarily for personal, family, or household purposes; and (2) that is secured by a mortgage (or another equivalent consensual security interest) on: (A) a dwelling (as defined in Section 103(w) of the federal Truth in Lending Act (15 U.S.C. 1602(w)); […]
23-2.5-1-35. “Residential Real Estate”
Sec. 35. “Residential real estate” means real property: (1) that is located in Indiana; and (2) upon which a dwelling is constructed or intended to be constructed. As added by P.L.175-2019, SEC.2.