Indiana Code 23-2.5-1-33. “Registered mortgage loan originator”
Current as of: 2023 | Check for updates
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Sec. 33. “Registered mortgage loan originator” means a mortgage loan originator who:
(A) a depository institution;
(1) is an employee of:
Terms Used In Indiana Code 23-2.5-1-33
- 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
(B) a subsidiary that is:
(i) owned and controlled by a depository institution; and
(ii) regulated by the federal financial institutions regulatory agencies (as defined in 12 U.S.C. § 3350(6)); or
(C) an institution regulated by the Farm Credit Administration; and
(2) is registered with and maintains a unique identifier with the Nationwide Multistate Licensing System.
As added by P.L.175-2019, SEC.2.