Indiana Code 23-2.5-1-21. “Mortgage loan origination activities”
Current as of: 2023 | Check for updates
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Sec. 21. “Mortgage loan origination activities” means performance of any of the following activities for compensation or gain in connection with a residential mortgage loan:
(2) Offering to negotiate or negotiating terms of a residential mortgage loan.
(1) Receiving or recording a borrower’s or potential borrower’s residential mortgage loan application information in any form for use in a credit decision by a creditor.
Terms Used In Indiana Code 23-2.5-1-21
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Mortgage loan: A loan made by a lender to a borrower for the financing of real property. Source: OCC
As added by P.L.175-2019, SEC.2.