Indiana Code 23-2.5-7-1. Loan broker employment of principal manager or mortgage loan originator; license required
Current as of: 2023 | Check for updates
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Terms Used In Indiana Code 23-2.5-7-1
- 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
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.