Indiana Code 24-4.5-3-505.5. Automated loan machines
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Sec. 505.5. (a) As used in this section, “automated loan machine” means an unmanned machine that performs routine lending functions.
(1) notifies the department in writing of the existence and location of the automated loan machine;
(b) A licensee may make loans through an automated loan machine at an offsite location if the licensee:
Terms Used In Indiana Code 24-4.5-3-505.5
- in writing: include printing, lithographing, or other mode of representing words and letters. See Indiana Code 1-1-4-5
(2) maintains at a location licensed or approved by the department the books, accounts, records, and files concerning transactions performed through the automated loan machine; and
(3) posts at the offsite location where the automated loan machine is located the:
(A) address where the books, accounts, records and files are located; and
(B) telephone number at which the licensee may be contacted.
As added by P.L.172-1997, SEC.6.