Terms Used In Indiana Code 23-2.5-1-27

  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
   Sec. 27. “Principal manager” means an individual who has at least three (3) years of experience as a mortgage loan originator and is principally responsible for the supervision and management of the employees and business affairs of not more than five (5) loan broker offices.

As added by P.L.175-2019, SEC.2.