Sec. 5. (a) A principal manager designated by a loan broker under section 4 of this chapter may supervise not more than five (5) loan broker offices operated by the loan broker, including the principal place of business and any branch offices.

     (b) A loan broker shall employ a sufficient number of additional principal managers designated as supervisors to accommodate any branch offices:

(1) operated by the loan broker; and

(2) in excess of the number permitted under subsection (a).

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