Sec. 1. A loan broker agreement that is delivered or required to be delivered by a licensee to a borrower or prospective borrower must contain the license number of: (1) the loan broker; and (2) each: (A) mortgage loan originator; and (B) principal manager; who had contact with the file. As added by P.L.175-2019, SEC.2.
Sec. 1. A loan broker agreement that is delivered or required to be delivered by a licensee to a borrower or prospective borrower must contain the license number of: (1) the loan broker; and (2) each: (A) mortgage loan originator; and (B) principal manager; who had contact with the file. As added by P.L.175-2019, SEC.2.
Sec. 2. (a) A loan processing company shall maintain records of all residential mortgage loan transactions conducted by the loan processing company as follows: (1) The records required to be maintained under this section are the records pertaining to the part of each transaction the loan processing company conducts. (2) The records must be maintained […]
Sec. 2. (a) A loan processing company shall maintain records of all residential mortgage loan transactions conducted by the loan processing company as follows: (1) The records required to be maintained under this section are the records pertaining to the part of each transaction the loan processing company conducts. (2) The records must be maintained […]
Sec. 3. If a breach occurs of the security of records that: (1) are maintained by a loan processing company under this chapter; and (2) contain the unencrypted, unredacted personal information of one (1) or more borrowers or prospective borrowers; the loan processing company is subject to the disclosure requirements under IC 24-4.9-3. However, this […]
Sec. 3. If a breach occurs of the security of records that: (1) are maintained by a loan processing company under this chapter; and (2) contain the unencrypted, unredacted personal information of one (1) or more borrowers or prospective borrowers; the loan processing company is subject to the disclosure requirements under IC 24-4.9-3. However, this […]
Sec. 4. A loan processing company may not dispose of the unencrypted, unredacted personal information of one (1) or more borrowers or prospective borrowers without first shredding, incinerating, mutilating, erasing, or otherwise rendering the information illegible or unusable. As added by P.L.175-2019, SEC.2.
Sec. 4. A loan processing company may not dispose of the unencrypted, unredacted personal information of one (1) or more borrowers or prospective borrowers without first shredding, incinerating, mutilating, erasing, or otherwise rendering the information illegible or unusable. As added by P.L.175-2019, SEC.2.
Sec. 5. The commissioner may examine the books and records of a loan processing company as often as the commissioner considers necessary to verify that the loan processing company is compliant with this article. As added by P.L.175-2019, SEC.2.
Sec. 5. The commissioner may examine the books and records of a loan processing company as often as the commissioner considers necessary to verify that the loan processing company is compliant with this article. As added by P.L.175-2019, SEC.2.
Sec. 6. A loan processor shall comply with all of the following: (1) The federal Truth in Lending Act (15 U.S.C. 1601 et seq.). (2) The federal Real Estate Settlement Procedures Act (12 U.S.C. 2601 et seq.). (3) The federal Equal Credit Opportunity Act (15 U.S.C. 1691 et seq.). (4) Any other federal law concerning […]
Sec. 6. A loan processor shall comply with all of the following: (1) The federal Truth in Lending Act (15 U.S.C. 1601 et seq.). (2) The federal Real Estate Settlement Procedures Act (12 U.S.C. 2601 et seq.). (3) The federal Equal Credit Opportunity Act (15 U.S.C. 1691 et seq.). (4) Any other federal law concerning […]
Sec. 7. The following are subject to disciplinary proceedings under IC 23-2.5-11 for a violation of this article: (1) A loan processor. (2) A loan processing company. As added by P.L.175-2019, SEC.2.
Sec. 7. The following are subject to disciplinary proceedings under IC 23-2.5-11 for a violation of this article: (1) A loan processor. (2) A loan processing company. As added by P.L.175-2019, SEC.2.
