23-2.5-1-1. Application of Chapter
Sec. 1. The definitions in this chapter apply throughout this article. As added by P.L.175-2019, SEC.2.
23-2.5-1-1. Application of Chapter
Sec. 1. The definitions in this chapter apply throughout this article. As added by P.L.175-2019, SEC.2.
23-2.5-1-10. “Encrypted”
Sec. 10. “Encrypted”, with respect to personal information, means that the personal information: (1) has been transformed through the use of an algorithmic process into a form in which there is a low probability of assigning meaning without use of a confidential process or key; or (2) is secured by another method that renders the […]
23-2.5-1-10. “Encrypted”
Sec. 10. “Encrypted”, with respect to personal information, means that the personal information: (1) has been transformed through the use of an algorithmic process into a form in which there is a low probability of assigning meaning without use of a confidential process or key; or (2) is secured by another method that renders the […]
23-2.5-1-11. “Immediate Family”
Sec. 11. “Immediate family”, with respect to an individual, refers to: (1) the individual’s spouse who resides in the individual’s household; and (2) any dependent child of the individual. As added by P.L.175-2019, SEC.2.
23-2.5-1-11. “Immediate Family”
Sec. 11. “Immediate family”, with respect to an individual, refers to: (1) the individual’s spouse who resides in the individual’s household; and (2) any dependent child of the individual. As added by P.L.175-2019, SEC.2.
23-2.5-1-12. “Licensee”
Sec. 12. “Licensee” means a person that is issued a license under this article. As added by P.L.175-2019, SEC.2.
23-2.5-1-12. “Licensee”
Sec. 12. “Licensee” means a person that is issued a license under this article. As added by P.L.175-2019, SEC.2.
23-2.5-1-13. “Loan”
Sec. 13. “Loan” means an agreement to advance money or property in return for the promise to make payments for the money or property. As added by P.L.175-2019, SEC.2.
23-2.5-1-13. “Loan”
Sec. 13. “Loan” means an agreement to advance money or property in return for the promise to make payments for the money or property. As added by P.L.175-2019, SEC.2.
23-2.5-1-14. “Loan Broker”
Sec. 14. (a) “Loan broker” means a person who, in return for consideration from any source: (1) procures; (2) attempts to procure; or (3) assists in procuring; a residential mortgage loan from a third party, regardless of whether the person seeking the loan obtains the loan. (b) The term “loan broker” does not include: (1) […]
23-2.5-1-14. “Loan Broker”
Sec. 14. (a) “Loan broker” means a person who, in return for consideration from any source: (1) procures; (2) attempts to procure; or (3) assists in procuring; a residential mortgage loan from a third party, regardless of whether the person seeking the loan obtains the loan. (b) The term “loan broker” does not include: (1) […]
23-2.5-1-15. “Loan Broker Employee”
Sec. 15. “Loan broker employee” means an individual: (1) who is an employee of a single loan broker who is licensed under this article; (2) for whom the loan broker, in addition to providing a wage or salary: (A) pays Social Security and unemployment taxes; and (B) withholds local, state, and federal income taxes; (3) […]
23-2.5-1-15. “Loan Broker Employee”
Sec. 15. “Loan broker employee” means an individual: (1) who is an employee of a single loan broker who is licensed under this article; (2) for whom the loan broker, in addition to providing a wage or salary: (A) pays Social Security and unemployment taxes; and (B) withholds local, state, and federal income taxes; (3) […]
23-2.5-1-16. “Loan Broker License”
Sec. 16. “Loan broker license” means a license issued by the commissioner authorizing a person to engage in the activities of a loan broker. As added by P.L.175-2019, SEC.2.
23-2.5-1-16. “Loan Broker License”
Sec. 16. “Loan broker license” means a license issued by the commissioner authorizing a person to engage in the activities of a loan broker. As added by P.L.175-2019, SEC.2.
23-2.5-1-17. “Loan Broker Office”
Sec. 17. “Loan broker office” means a fixed physical location: (1) at which a person holds itself out as engaging in the activities of a loan broker; (2) the address of which appears on business cards, on stationery, or in advertising in connection with the activities of a loan broker; (3) at which the person’s […]
23-2.5-1-17. “Loan Broker Office”
Sec. 17. “Loan broker office” means a fixed physical location: (1) at which a person holds itself out as engaging in the activities of a loan broker; (2) the address of which appears on business cards, on stationery, or in advertising in connection with the activities of a loan broker; (3) at which the person’s […]
23-2.5-1-18. “Loan Processing Activities”
Sec. 18. (a) “Loan processing activities” means clerical or support duties performed on behalf of a loan broker with respect to residential mortgage loan origination activities performed by the loan broker. (b) The term “loan processing activities” includes the following: (1) The receipt, collection, distribution, and analysis of information commonly used in the processing of […]
23-2.5-1-18. “Loan Processing Activities”
Sec. 18. (a) “Loan processing activities” means clerical or support duties performed on behalf of a loan broker with respect to residential mortgage loan origination activities performed by the loan broker. (b) The term “loan processing activities” includes the following: (1) The receipt, collection, distribution, and analysis of information commonly used in the processing of […]