Sec. 1. (a) An application for issuance or renewal of a loan broker license must contain the following: (1) Consent to service of process under section 9 of this chapter. (2) Evidence of the bond required by section 12 of this chapter. (3) An application fee of two hundred dollars ($200), plus one hundred dollars […]
Sec. 1. (a) An application for issuance or renewal of a loan broker license must contain the following: (1) Consent to service of process under section 9 of this chapter. (2) Evidence of the bond required by section 12 of this chapter. (3) An application fee of two hundred dollars ($200), plus one hundred dollars […]
Sec. 10. (a) At the time of application for an initial license under this chapter, the commissioner shall require the following to submit fingerprints for a national criminal history background check (as defined in IC 10-13-3-12) for use by the commissioner in determining whether the equitable owner of a loan broker, an individual described in […]
Sec. 10. (a) At the time of application for an initial license under this chapter, the commissioner shall require the following to submit fingerprints for a national criminal history background check (as defined in IC 10-13-3-12) for use by the commissioner in determining whether the equitable owner of a loan broker, an individual described in […]
Sec. 11. In reviewing a consumer report obtained under section 2(b)(12) or 3(b)(12) of this chapter, the commissioner may consider one (1) or more of the following in determining whether the individual applicant has demonstrated financial responsibility: (1) Bankruptcies filed by the individual during the most recent ten (10) years. (2) Current outstanding civil judgments […]
Sec. 11. In reviewing a consumer report obtained under section 2(b)(12) or 3(b)(12) of this chapter, the commissioner may consider one (1) or more of the following in determining whether the individual applicant has demonstrated financial responsibility: (1) Bankruptcies filed by the individual during the most recent ten (10) years. (2) Current outstanding civil judgments […]
Sec. 12. A loan broker shall maintain an electronic surety bond that: (1) is satisfactory to the commissioner; (2) is in the amount of sixty thousand dollars ($60,000); and (3) covers the activities of each principal manager and mortgage loan originator employed by the loan broker. As added by P.L.175-2019, SEC.2.
Sec. 12. A loan broker shall maintain an electronic surety bond that: (1) is satisfactory to the commissioner; (2) is in the amount of sixty thousand dollars ($60,000); and (3) covers the activities of each principal manager and mortgage loan originator employed by the loan broker. As added by P.L.175-2019, SEC.2.
Sec. 13. (a) The commissioner may request evidence of compliance with this chapter at any of the following times: (1) The time of application for an initial license. (2) The time of renewal of a license. (3) Any other time considered necessary by the commissioner. (b) For purposes of subsection (a), evidence of compliance with […]
Sec. 13. (a) The commissioner may request evidence of compliance with this chapter at any of the following times: (1) The time of application for an initial license. (2) The time of renewal of a license. (3) Any other time considered necessary by the commissioner. (b) For purposes of subsection (a), evidence of compliance with […]
Sec. 14. A unique identifier obtained by an individual from the Nationwide Multistate Licensing System as required by IC 23-2.5-3-1, IC 23-2.5-3-2, and IC 23-2.5-3-3 may not be used for purposes other than the purposes set forth in the S.A.F.E. Mortgage Licensing Act of 2008 (Title V of P.L.110-289). As added by P.L.175-2019, SEC.2.
Sec. 14. A unique identifier obtained by an individual from the Nationwide Multistate Licensing System as required by IC 23-2.5-3-1, IC 23-2.5-3-2, and IC 23-2.5-3-3 may not be used for purposes other than the purposes set forth in the S.A.F.E. Mortgage Licensing Act of 2008 (Title V of P.L.110-289). As added by P.L.175-2019, SEC.2.
Sec. 2. (a) An application for issuance or renewal of a principal manager license must be made on a form prescribed by the commissioner. (b) An application under subsection (a) must include the following information for the individual who seeks to be licensed as a principal manager: (1) The name of the individual. (2) The […]
Sec. 2. (a) An application for issuance or renewal of a principal manager license must be made on a form prescribed by the commissioner. (b) An application under subsection (a) must include the following information for the individual who seeks to be licensed as a principal manager: (1) The name of the individual. (2) The […]
Sec. 3. (a) An application for issuance or renewal of a mortgage loan originator license must be made on a form prescribed by the commissioner. (b) An application under subsection (a) must include the following information for the individual who seeks to be licensed as a mortgage loan originator: (1) The name of the individual. […]
Sec. 3. (a) An application for issuance or renewal of a mortgage loan originator license must be made on a form prescribed by the commissioner. (b) An application under subsection (a) must include the following information for the individual who seeks to be licensed as a mortgage loan originator: (1) The name of the individual. […]
Sec. 4. (a) An application for issuance or renewal of a branch office license must be made on a form prescribed by the commissioner. (b) An application under subsection (a) must include the following information for the location for which licensure as a branch office is sought: (1) The address of the branch office. (2) […]
Sec. 4. (a) An application for issuance or renewal of a branch office license must be made on a form prescribed by the commissioner. (b) An application under subsection (a) must include the following information for the location for which licensure as a branch office is sought: (1) The address of the branch office. (2) […]
Sec. 5. (a) The commissioner shall issue a license and license number to an applicant for a license issued under this chapter if the applicant meets the applicable licensure requirements under this chapter. (b) A license issued under this chapter expires on December 31 of the year during which the license is issued. (c) If […]
Sec. 5. (a) The commissioner shall issue a license and license number to an applicant for a license issued under this chapter if the applicant meets the applicable licensure requirements under this chapter. (b) A license issued under this chapter expires on December 31 of the year during which the license is issued. (c) If […]
