Sec. 1. A loan broker shall not employ an individual to act as a principal manager or mortgage loan originator unless the individual is licensed under this article as a principal manager or mortgage loan originator, as applicable. As added by P.L.175-2019, SEC.2.
Sec. 1. A loan broker shall not employ an individual to act as a principal manager or mortgage loan originator unless the individual is licensed under this article as a principal manager or mortgage loan originator, as applicable. As added by P.L.175-2019, SEC.2.
Sec. 10. A branch manager who fails to take reasonable steps to prevent a violation of this article by an individual who works at the branch manager’s designated branch office may subject the branch manager to discipline under IC 23-2.5-11. As added by P.L.175-2019, SEC.2.
Sec. 10. A branch manager who fails to take reasonable steps to prevent a violation of this article by an individual who works at the branch manager’s designated branch office may subject the branch manager to discipline under IC 23-2.5-11. As added by P.L.175-2019, SEC.2.
Sec. 11. (a) A loan broker shall diligently review work performed on the loan broker’s behalf by a loan processing company. (b) A loan broker that fails to take reasonable steps to review work performed by a loan processing company on the loan broker’s behalf may subject the loan broker to discipline under IC 23-2.5-11. […]
Sec. 11. (a) A loan broker shall diligently review work performed on the loan broker’s behalf by a loan processing company. (b) A loan broker that fails to take reasonable steps to review work performed by a loan processing company on the loan broker’s behalf may subject the loan broker to discipline under IC 23-2.5-11. […]
Sec. 2. A loan broker shall not engage the services of a person to perform loan processing activities unless the person has complied with the loan processing company notice filing requirements of IC 23-2.5-5. As added by P.L.175-2019, SEC.2.
Sec. 2. A loan broker shall not engage the services of a person to perform loan processing activities unless the person has complied with the loan processing company notice filing requirements of IC 23-2.5-5. As added by P.L.175-2019, SEC.2.
Sec. 3. An individual who acts solely as a loan processor or an underwriter shall not represent to the public through: (1) advertising; or (2) other means of communicating or providing information, including business cards, stationery, brochures, signs, rate lists, or other promotional items; that the individual will perform mortgage loan origination activities or otherwise […]
Sec. 3. An individual who acts solely as a loan processor or an underwriter shall not represent to the public through: (1) advertising; or (2) other means of communicating or providing information, including business cards, stationery, brochures, signs, rate lists, or other promotional items; that the individual will perform mortgage loan origination activities or otherwise […]
Sec. 4. A loan broker shall, in accordance with section 5 of this chapter, employ and designate a principal manager who is responsible for supervising the: (1) mortgage loan originators employed by the loan broker; and (2) loan broker offices operated by the loan broker; to ensure compliance with this article. As added by P.L.175-2019, […]
Sec. 4. A loan broker shall, in accordance with section 5 of this chapter, employ and designate a principal manager who is responsible for supervising the: (1) mortgage loan originators employed by the loan broker; and (2) loan broker offices operated by the loan broker; to ensure compliance with this article. As added by P.L.175-2019, […]
Sec. 5. (a) A principal manager designated by a loan broker under section 4 of this chapter may supervise not more than five (5) loan broker offices operated by the loan broker, including the principal place of business and any branch offices. (b) A loan broker shall employ a sufficient number of additional principal managers […]
Sec. 5. (a) A principal manager designated by a loan broker under section 4 of this chapter may supervise not more than five (5) loan broker offices operated by the loan broker, including the principal place of business and any branch offices. (b) A loan broker shall employ a sufficient number of additional principal managers […]
Sec. 6. (a) A principal manager shall complete at least one (1) compliance examination per year of each loan broker office for which the principal manager is the supervisor designated under section 4 of this chapter. (b) A loan broker shall maintain complete documentation of each examination conducted by a principal manager under subsection (a): […]
Sec. 6. (a) A principal manager shall complete at least one (1) compliance examination per year of each loan broker office for which the principal manager is the supervisor designated under section 4 of this chapter. (b) A loan broker shall maintain complete documentation of each examination conducted by a principal manager under subsection (a): […]
Sec. 7. (a) A loan broker that operates a branch office shall designate a unique individual to act as branch manager of the branch office. (b) A branch manager designated under subsection (a) shall be licensed under this article as either a principal manager or a mortgage loan originator. As added by P.L.175-2019, SEC.2.
Sec. 7. (a) A loan broker that operates a branch office shall designate a unique individual to act as branch manager of the branch office. (b) A branch manager designated under subsection (a) shall be licensed under this article as either a principal manager or a mortgage loan originator. As added by P.L.175-2019, SEC.2.
Sec. 8. A loan broker that fails to take reasonable steps to prevent a violation of this article by a principal manager, mortgage loan originator, or other individual employed by the loan broker may subject the loan broker to discipline under IC 23-2.5-11. As added by P.L.175-2019, SEC.2.
Sec. 8. A loan broker that fails to take reasonable steps to prevent a violation of this article by a principal manager, mortgage loan originator, or other individual employed by the loan broker may subject the loan broker to discipline under IC 23-2.5-11. As added by P.L.175-2019, SEC.2.
