Sec. 1. Before engaging in loan processing activities, a loan processing company shall file, via the Nationwide Multistate Licensing System, a loan processing company notice filing. As added by P.L.175-2019, SEC.2.
Sec. 1. Before engaging in loan processing activities, a loan processing company shall file, via the Nationwide Multistate Licensing System, a loan processing company notice filing. As added by P.L.175-2019, SEC.2.
Sec. 2. A loan processing company notice filing must be made on a form prescribed by the commissioner and include all of the following: (1) The loan processing company’s business name, address, and state of incorporation or business registration. (2) The names of the owners, officers, members, or partners who control the loan processing company. […]
Sec. 2. A loan processing company notice filing must be made on a form prescribed by the commissioner and include all of the following: (1) The loan processing company’s business name, address, and state of incorporation or business registration. (2) The names of the owners, officers, members, or partners who control the loan processing company. […]
Sec. 3. (a) A loan processing company notice filing described in section 2 of this chapter: (1) expires on December 31 of each year; and (2) must be refiled annually. (b) A loan processing company shall update and renew the loan processing company’s notice filing before the date on which the loan processing company notice […]
Sec. 3. (a) A loan processing company notice filing described in section 2 of this chapter: (1) expires on December 31 of each year; and (2) must be refiled annually. (b) A loan processing company shall update and renew the loan processing company’s notice filing before the date on which the loan processing company notice […]
Sec. 4. A loan processing company may not employ an individual to engage in loan processing activities unless the individual: (1) has completed the education and examination requirements for a mortgage loan originator; and (2) is registered to conduct business in Indiana through the Nationwide Multistate Licensing System. As added by P.L.175-2019, SEC.2. Amended by […]
Sec. 4. A loan processing company may not employ an individual to engage in loan processing activities unless the individual: (1) has completed the education and examination requirements for a mortgage loan originator; and (2) is registered to conduct business in Indiana through the Nationwide Multistate Licensing System. As added by P.L.175-2019, SEC.2. Amended by […]
Sec. 5. A loan processing company bears the burden of showing that the loan processing company is in compliance with this chapter. As added by P.L.175-2019, SEC.2.
Sec. 5. A loan processing company bears the burden of showing that the loan processing company is in compliance with this chapter. As added by P.L.175-2019, SEC.2.
Sec. 6. (a) If the commissioner determines that a loan processing company or loan processor has violated this article, the commissioner may issue any notice or order determined by the commissioner to be in the public interest. (b) A notice or order issued by the commissioner under subsection (a): (1) may include remedies; and (2) […]
Sec. 6. (a) If the commissioner determines that a loan processing company or loan processor has violated this article, the commissioner may issue any notice or order determined by the commissioner to be in the public interest. (b) A notice or order issued by the commissioner under subsection (a): (1) may include remedies; and (2) […]
Sec. 7. (a) A loan processing company shall, before engaging in loan processing activities, file with the commissioner on a form prescribed by the commissioner an irrevocable consent appointing the secretary of state as the loan processing company’s agent to receive service of process in a noncriminal suit, action, or proceeding against the loan processing […]
Sec. 7. (a) A loan processing company shall, before engaging in loan processing activities, file with the commissioner on a form prescribed by the commissioner an irrevocable consent appointing the secretary of state as the loan processing company’s agent to receive service of process in a noncriminal suit, action, or proceeding against the loan processing […]
Sec. 8. If a loan processing company ceases to engage in loan processing activities for any reason, the loan processing company shall do the following: (1) Before ceasing loan processing activities, arrange for the preservation and maintenance of the records described in IC 23-2.5-9-2 for the remainder of the two (2) year maintenance period required […]
Sec. 8. If a loan processing company ceases to engage in loan processing activities for any reason, the loan processing company shall do the following: (1) Before ceasing loan processing activities, arrange for the preservation and maintenance of the records described in IC 23-2.5-9-2 for the remainder of the two (2) year maintenance period required […]
